Business impact analysis (BIA) is a stage in the disaster recovery planning process, in which organizations seek to prepare for business interruptions with a plan to surmount …
Like biological species, the graphics used in decision support have a story to tell of origins, evolution and even a few missing links. Influence diagrams represent one of the …
Concentration risk is a term that is used frequently in financial institutions to describe a risk that is significantly greater than others; for example, lending a high amount of …
Tomorrow, today’s business model will be yesterday’s. Behind that self-evident observation lies an uncomfortable fact. The rate of change of such models has accelerated over …
In IT, the term ‘sandbox’ is used to denote a computing environment specifically designed for experimentation or test of a program, without the risk of malfunction then affecting …
Is there anything in a business that is not covered by operations management practice? By definition, all of an enterprise’s internal processes are included: supply chain for …
Operational research (OR) analysis is all about modeling operational situations and problems with math, logic and scientific theory – or is it? Despite the common perception of …
At one time, manufacturing relied totally on deterministic decision analysis. Neither the PC nor Monte Carlo methods had been invented, but manufacturing decision processes were …
