Tracking uncertainty in the input data in a model and showing how different degrees of such uncertainty affect the final result are strengths of Analytica. However, uncertainty …
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Category Posts
Uncertainty analysis: are you sure about what you’re not sure about?
Why you need a decision support software
For Decision Strategies, Inc., the recommendation is clear: ‘Executives who are hesitant about using decision support systems should consider Analytica.’ Pointing executives…
Decision analytics & feedback loops: the driver & the driven
Out of descriptive, predictive and decision analytics, decision analytics are squarely in the here and now. If you look at the Lumina analogy of driving a car, you’ll see several …
Modeling software as a service (SaaS) & accounting for profitability
What should you expect in terms of profitability when modeling software as a service? Conventional business theory says an enterprise cannot be unprofitable over too long a time…
Data modeling without tears: perils & pitfalls to avoid
If a model is to yield a result, it needs data. Data are described by a data model, sometimes very simple (‘year’); sometimes more complex (energy consumption by type of energy, …
Resource use analysis & modeling of recycling, waste prevention, & eco-design
Do we actively poison our environment? Some would say yes – that the substances we artificially produce are positively noxious, pointing to vehicle emissions and sewage as …
Healthcare decision tree & sensitivity analysis
Learn how decision trees improve healthcare decision-making, boost patient outcomes, and streamline processes with real-world applications and benefits.
Multi-attribute decision analysis & the fun of fuzzy
Between the fuzzy sets of Lotfi Asker Zadeh and the fuzzy math of George W. Bush, what precisely are the implications for multi-attribute decision analysis (MADA)? First of all, …