Blogs

Value at Risk (VaR) rose to fame in answer to a number of financial disasters, including the 1998 failure of Long Term Capital Management. Much of the criticism at the time was ...

Slicing and dicing data for insights and conclusions is all part of the decision support process. But decision support systems themselves can be sliced and diced to segment them ...

In terms of academic pedigree, operational research (OR) analysis has it all or pretty much. Underpinned by mathematics and endorsed by university faculties, it also has solid ...

I used to be uncertain, but now I’m not so sure. Whatever the cause, uncertainty is a fundamental part of the real world and has to be dealt with. By way of a definition, ...

In theory, business intelligence transforms the raw data of organizations into information useful to them at the click of a mouse. Dashboards are updated in real time to give ...

Multi-attribute decision analysis (MADA) is by definition a complex matter. Trying to balance or optimize a number of criteria at the same time in order to make a decision is ...

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 ...

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 ...