Business & finance
Find models that represent the various aspects of a business, such as its operations, marketing, and sales. Financial modeling involves using historical financial data and other relevant information to create projections of future financial performance, such as revenue, expenses, profits, and cash flow.
These analyses can help you plan for the future, make investment decisions, evaluate the impact of different business scenarios, understand how different factors affect overall performance, and identify areas where you can improve efficiency and profitability for yourself or your organization.
Making management enthusiastic about decision support software
If extensions to your business modeling activities depend on convincing upper management of the utility of business decision support software, then a few ‘selling’ tips may help.
Operational risk scenario analysis & the bullwhip effect
If you’ve ever experienced a small change at the retailing end of a supply chain that provokes massive turbulence upstream, there’s a good chance you’ve suffered the bullwhip ...
Deterministic or Stochastic – Which business modeling should you present?
Aaah… if only someone had written a program to automatically choose the type of modeling for any given business situation. Perhaps somebody has and it is buried somewhere ...
