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.
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Making management enthusiastic about decision support software
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 …
Business modeling needs more than spreadsheet dinosaurs
Huge body, tiny brain. Those were prominent characteristics of dinosaurs and part of their DNA. Those that were unable to cope with changes died out, although they had a good run …
Marginal vs. effective tax rates
Presidential candidate Mitt Romney released his tax returns, and the news channels were abuzz with commentary about his effective federal tax rate of 13.9% on $21.7M of income.