Which is better? A model to figure out how much energy you’re wasting, or a model to help you save energy from the outset? In a world that has become energy-conscious to a much …
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Category Posts
Saving time, money, and the environment: the growing importance of early-stage energy modeling
Sensitivity analysis: one at a time or all together?
The whole is greater than the sum of the parts, say Aristotle and Gestalt psychology. The whole effect of combined factors of a model in terms of sensitivity may also be greater …
Can back-testing improve your strategic risk management?
Back testing is a favorite with those who want to test out a plan for the future with real data. The real data for the future are not (of course) yet available, however the data …
Decision support systems: an extended taxonomy
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 …
Measuring uncertainty & understanding propagation
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, …
5 business intelligence (BI) steps to smooth out a rocky road
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 …
The nuts & bolts of transportation modeling
Transportation modeling is one of the big applications of operations research methods. It lends itself to analysis using many of the techniques in OR and is also fundamental in …
Overcoming data paralysis with decision support
Paralysis by data analysis is a common ailment in organizations, and it’s probably going to get worse. The more data available, the greater the temptation to examine, twist and tweak.