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Keeping Long Term Environmental Modeling Credible

Sean Salleh 02 Aug 2013 Energy and environment

Environmental modeling typically requires consideration of longer periods of time than in other domains. Whereas a data center might be modeled for five years, the environment is often analyzed for as much as twenty-five years: one reason is that if...

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Analytica 4.5 beta available

Lonnie Chrisman 01 Aug 2013 News

Update 16 Dec 2013: The beta testing period for Analytica 4.5 is now closed. (Below shows the article as it appeared when posted 2 Aug 2013) The first beta release of Analytica 4.5 and

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Can OR Methods Commoditize Worker Activity?

Sean Salleh 01 Aug 2013 Analytics and OR

For those of you who thought that time and motion models were prehistoric relics, look out! OR methods might just be on the way to modeling new super-efficient workforce techniques.  The father of time and motion studies was Frederick...

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Standard Deviation for Normal People

Sean Salleh 31 Jul 2013 Risk and uncertainty

Standard deviation is a mathematical way of indicating what is normal or what is exceptional. Some people get very creative with the concept. Applications include anything from predicting another round of recession for the US to deciding whether scientists have...

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Monte Carlo Modeling in Personal Finance: the ‘Whoops’ Factor

Sean Salleh 30 Jul 2013 Risk and uncertainty

‘Don’t take a personal investment or retirement financing decision before we’ve done Monte Carlo modeling for you!’ When you think that Monte Carlo methods started as a way to help make nuclear bombs in the Second...

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Risk Assessment in Business Continuity: Is it Worth It?

Sean Salleh 29 Jul 2013 Risk and uncertainty

Risk assessment is often cited as a key part of business continuity planning: the discipline of ensuring an organization can keep on working in the face of adversity. As such, it’s a natural playground for stochastic modeling because of...

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The Nuts and Bolts of Transportation Modeling

Sean Salleh 26 Jul 2013 Case studies and applications

Transportation modeling is one of the big applications of operations research methods. It lends itself to analysis using many of the techniques in OR and is also fundamental in the planning of different transportation systems, especially in urban contexts. Transportation...

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Overcoming Data Paralysis with Suitable Decision Support

Sean Salleh 25 Jul 2013 Modeling methods

Paralysis by data analysis is a common ailment in organizations, and it’s probably going to get worse. The more data available, the greater the temptation to examine, twist and tweak. In the bad old days, companies had just a...

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The Future of Business Analytics: Mobility, Collaboration and Big Data

Sean Salleh 24 Jul 2013 Modeling methods

Imagine a world where business analytics are as common on a manager’s PC or mobile device as, say, word-processing applications. Picture business information nervous systems that spread out over the Internet to probe for big data inputs, in order...

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Balanced Scorecard, Meet Decision Analytics!

Sean Salleh 23 Jul 2013 Modeling methods

If you’ve used the balanced scorecard approach before, you’ll know that it extends the older concept of purely financial measures of a company’s performance. Using four ‘lenses’ to assess an enterprise, the balanced scorecard looks at...

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