Blogs

Standard deviation (SD) is a mathematical way of indicating what is normal or what is exceptional. Some people get very creative with the concept. Applications include anything ...

‘Don’t take a personal investment or retirement financing decision before we’ve done Monte Carlo modeling for you!’ When you think that Monte Carlo methods started as a way to ...

Risk assessment is often cited as a key part of business continuity planning: the discipline of ensuring an organization can keep on working in the face of adversity.

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 ...

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.

Imagine a world where business analytics are as common on a manager’s PC or mobile device as, say, word-processing applications. Picture business information nervous systems ...

If you’ve used the balanced scorecard approach before, you’ll know that it extends the older concept of purely financial measures of a company’s performance.

Finding out how much energy generation costs with wind turbines is essential for calculating the overall investment and return, compared with other sources of energy.