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Green Decision Analysis on Prices and Profits

Sean Salleh 25 Oct 2013 Energy and environment

Moral pressure to be eco-friendly is certainly one motivating factor for manufacturers to go green. But if going green can be a factor that boosts product popularity and profitability, saving the environment is likely to happen faster too. How much...

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Standard Deviation or Standard Error – Just Personal Preference?

Sean Salleh 24 Oct 2013 Risk and uncertainty

Figuring out what people mean is important. Are they talking about standard deviation? Or about standard error? Or do they consider the two things to be equivalent? The only way to find out is to check on how the two...

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Uncertainty Analysis: Are You Sure About What You’re Not Sure About?

Sean Salleh 23 Oct 2013 Risk and uncertainty

Tracking uncertainty in the input data in a model and showing how different degrees of such uncertainty affect the final result are strengths of Analytica. However, uncertainty also arises in other dimensions than the input data alone. Uncertainty analysis extends...

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Sustainability Analysis with Analytica to See Both the Forest and the Trees

Sean Salleh 22 Oct 2013 Energy and environment

By the end of 2014, the Government of Ontario, Canada, has committed to phasing out the use of coal and phasing in renewable solutions to produce electricity. Naturally, it needs a solution to replace this energy production and the choice is...

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Monte Carlo Analysis for Schedules: More than Just a Mouse Click

Sean Salleh 21 Oct 2013 Risk and uncertainty

Project managers using Analytica to model schedules benefit from the built-in Monte Carlo engine. That makes the simulation runs for a given model effortless from the user’s standpoint. However, determining whether or not to do a Monte Carlo...

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Getting Over Your Hesitation on Decision Support Systems Software

Sean Salleh 18 Oct 2013 Modeling methods

For Decision Strategies, Inc., the recommendation is clear: ‘Executives who are hesitant about using decision support systems should consider Analytica.’ Pointing executives and managers towards Analytica is justified in many ways. But do executives know what decision support...

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Decision Analytics and Feedback Loops – The Driver and the Driven

Sean Salleh 17 Oct 2013 Modeling methods

Out of descriptive, predictive and decision analytics, decision analytics are squarely in the here and now. If you look at the Lumina analogy of driving a car, you’ll see several things. Descriptive analytics are the rear-view mirror.  That...

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Modeling Software as a Service and Accounting for Profitability

Sean Salleh 16 Oct 2013 Modeling methods

Modeling Software as a Service and Accounting for Profitability What should you expect in terms of profitability when modeling software as a service? Conventional business theory says an enterprise cannot be unprofitable over too long a time. If...

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Data Modeling Without Tears: Perils and Pitfalls to Avoid

Sean Salleh 15 Oct 2013 Modeling methods

If a model is to yield a result, it needs data. Data are described by a data model, sometimes very simple (‘year’); sometimes more complex (energy consumption by type of energy, consumer category, geographical area, month, year and other...

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Is Risk Assessment Is A Risky Business?

Sean Salleh 14 Oct 2013 Risk and uncertainty

As if risks in general weren’t enough, the question is now about the quality of the risk assessment itself. Even more daunting, lists of ‘mistakes in risk assessment’ have been multiplying thanks to different authors – and they...

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