Blogs

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 ...

Sustainable energy is a great goal, but reliable, sustainable energy is even better. The sun and the wind only work for generating energy when they are present. Global demand for ...

Conventional business wisdom is currently that any non-core competence in an organization should be outsourced to an external supplier that is specialized in that competence. IT, ...

Energy planning in general may allow for simple cost-benefit analysis; however, sustainable energy planning with the multiple factors and tradeoffs involved requires a different ...

Fancy a flutter? Actually, ‘flutters’, hunches’ and similar notions related to un-quantified intuition are avoided by many sports betting experts. They prefer a more analytical ...

Conventional wisdom has long held that uncertainty is a cause of weakening in an economy. The theory goes that uncertainty first causes people and companies wait and see before ...

The brain in a box it is not. In terms of OR methods, ‘the neural network’ is a far more modest idea than straight AI, but it is of practical use, nonetheless. While it is true ...