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Better Business Decisions With Simulation
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Book Synopsis Introduction to Business Analytics Using Simulation by : Jonathan P. Pinder
Download or read book Introduction to Business Analytics Using Simulation written by Jonathan P. Pinder and published by Academic Press. This book was released on 2022-02-06 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business Analytics Using Simulation, Second Edition employs an innovative strategy to teach business analytics. The book uses simulation modeling and analysis as mechanisms to introduce and link predictive and prescriptive modeling. Because managers can't fully assess what will happen in the future, but must still make decisions, the book treats uncertainty as an essential element in decision-making. Its use of simulation gives readers a superior way of analyzing past data, understanding an uncertain future, and optimizing results to select the best decision. With its focus on uncertainty and variability, this book provides a comprehensive foundation for business analytics. Students will gain a better understanding of fundamental statistical concepts that are essential to marketing research, Six-Sigma, financial analysis, and business analytics. - Teaches managers how they can use business analytics to formulate and solve business problems to enhance managerial decision-making - Explains the processes needed to develop, report and analyze business data - Describes how to use and apply business analytics software - Offers expanded coverage on the value and application of prescriptive analytics - Includes a wealth of illustrative exercises that are newly organized by difficulty level - Winner of the 2017 Textbook and Academic Authors Association's (TAA) Most Promising New Textbook Award in the prior edition
Book Synopsis Better Business Decisions Using Cost Modeling, Second Edition by : Victor E. Sower
Download or read book Better Business Decisions Using Cost Modeling, Second Edition written by Victor E. Sower and published by Business Expert Press. This book was released on 2015-02-17 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: “In this second edition, Vic and Chris have done an excellent job of citing the importance of accurate problem identi cation and the need for validated data input for the decision making process—a must read book for those managers responsible for making operational decisions.” - Richard Bozeman, Jr., Author and Inventor, Retired Chief of the Propulsion and Power Division Test Facilities, NASA “I TRULY enjoyed the book and found it very informative. I am not an easy sell when it comes to the quantitative approach however I WAS SOLD! I will never approach future negotiations and future data analysis the same after reading this book. GOOD JOB!”—Peter Birkholz, Managing Partner of the Sam Houston Group LP, Management Consultant—Birkholz Management Co., LLC -- Information is power in supply chain operations, negotiations, continuous improvement programs, process improvement, and indeed in all aspects of managing an operation. Accurate and timely information can result in better decisions that translate into the improvement of bottom-line results. This book provides the business professional a concise guide to the creation and effective use of both internal and external cost models. Development of internal cost models is discussed with illustrations showing how they can be deployed to assist in new product development, pricing decisions, make-or-buy decisions, and the identi cation of opportunities for internal process improvement projects.
Book Synopsis Managing Change with Business Process Simulation by : David M. Profozich
Download or read book Managing Change with Business Process Simulation written by David M. Profozich and published by Prentice Hall. This book was released on 1998 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first practical guide to simulating business processes and predicting the impact of change. The book offers new tools for reducing the risks associated with strategic change. Pragmatic strategies are given for implementing simulation.
Book Synopsis Predictive and Simulation Analytics by : Walter R. Paczkowski
Download or read book Predictive and Simulation Analytics written by Walter R. Paczkowski and published by Springer Nature. This book was released on 2023-07-18 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book connects predictive analytics and simulation analytics, with the end goal of providing Rich Information to stakeholders in complex systems to direct data-driven decisions. Readers will explore methods for extracting information from data, work with simple and complex systems, and meld multiple forms of analytics for a more nuanced understanding of data science. The methods can be readily applied to business problems such as demand measurement and forecasting, predictive modeling, pricing analytics including elasticity estimation, customer satisfaction assessment, market research, new product development, and more. The book includes Python examples in Jupyter notebooks, available at the book's affiliated Github. This volume is intended for current and aspiring business data analysts, data scientists, and market research professionals, in both the private and public sectors.
Book Synopsis The Business Strategy Game Guide by : Derek J Barnick
Download or read book The Business Strategy Game Guide written by Derek J Barnick and published by . This book was released on 2020-10-14 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide will provide you with important advice and guidance to save you time, stress, and headache. Derek has won the game multiple times and has consulted with students to help them win their games as well. This guide goes over Derek's top suggestions. It is meant to lower the learning curve to get students prepared quickly. Here is a review from one of Derek's YouTube viewers: "If you know anything about the BSG, you know how overwhelming it can be. Especially since along with a 40-page player guide, each decision variable page has its own help document that can rage from 5-15 pages. Derek's videos are a monumental help. The videos explaining the important nuances within each decision variable allowed me to grasp the concepts a lot better. If you want to do better, I recommend watching his videos, but only after reading the player guide. Having foundational knowledge of what was going on allowed me to better understand his advice. Knowing what to look for and use has helped me be rank one in my class for the two-year practice period and in the first year of the actual game. If all goes well year 12 I should have over 10.89 EPS, 54% ROE, and Image rating of 98."-Nader I
Book Synopsis Flexible Decision Management with Business Rules on IBM z Systems by : Mark Hiscock
Download or read book Flexible Decision Management with Business Rules on IBM z Systems written by Mark Hiscock and published by IBM Redbooks. This book was released on 2015-06-26 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IBM® Operational Decision Manager product family provides value to organizations that want to improve the responsiveness and precision of automated decisions. This decision management platform on IBM z/OS® provides comprehensive automation and governance of operational decisions that are made within mainframe applications. These decisions can be shared with other cross-platform applications, providing true enterprise decision management. This IBM Redbooks® publication makes the case for using Operational Decision Manager for z/OS and provides an overview of its components. It is aimed at IT architects, enterprise architects, and development managers looking to build rule-based solutions. Step-by-step guidance is provided about getting started with business rules by using a scenario-based approach. This book provides detailed guidelines for testing and simulation and describes advanced options for decision authoring. Finally, it describes and documents multiple runtime configuration options. This third edition, SG24-8014-02, of this IBM Redbooks publication updated the information presented in this book to reflect function available in IBM Operational Decision Manager for z/OS Version 8.7.1.
Book Synopsis Learning WITNESS Book One - Manufacturing Performance Edition by : Lanner Group Ltd
Download or read book Learning WITNESS Book One - Manufacturing Performance Edition written by Lanner Group Ltd and published by Lulu.com. This book was released on 2013-07-03 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulation software for business decisions and profitability.
Download or read book Decision Quality written by Carl Spetzler and published by John Wiley & Sons. This book was released on 2016-02-24 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Add value with every decision using a simple yet powerful framework Few things are as valuable in business, and in life, as the ability to make good decisions. Can you imagine how much more rewarding your life and your business would be if every decision you made were the best it could be? Decision Quality empowers you to make the best possible choice and get more of what you truly want from every decision. Dr. Carl Spetzler is a leader in the field of decision science and has worked with organizations across industries to improve their decision-making capabilities. He and his co-authors, all experienced consultants and educators in this field, show you how to frame a problem or opportunity, create a set of attractive alternatives, identify relevant uncertain information, clarify the values that are important in the decision, apply tools of analysis, and develop buy-in among stakeholders. Their straightforward approach is elegantly simple, yet practical and powerful. It can be applied to all types of decisions. Our business and our personal lives are marked by a stream of decisions. Some are small. Some are large. Some are life-altering or strategic. How well we make those decisions truly matters. This book gives you a framework and thinking tools that will help you to improve the odds of getting more of what you value from every choice. You will learn: The six requirements for decision quality, and how to apply them The difference between a good decision and a good outcome Why a decision can only be as good as the best of the available alternatives Methods for making both "significant" and strategic decisions The mental traps that undermine decision quality and how to avoid them How to deal with uncertainty—a factor in every important choice How to judge the quality of a decision at the time you're making it How organizations have benefited from building quality into their decisions. Many people are satisfied with 'good enough' when making important decisions. This book provides a method that will take you and your co-workers beyond 'good enough' to true Decision Quality.
Book Synopsis Advanced Analytics in Mining Engineering by : Ali Soofastaei
Download or read book Advanced Analytics in Mining Engineering written by Ali Soofastaei and published by Springer Nature. This book was released on 2022-02-23 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Dr. Soofastaei and his colleagues reveal how all mining managers can effectively deploy advanced analytics in their day-to-day operations- one business decision at a time. Most mining companies have a massive amount of data at their disposal. However, they cannot use the stored data in any meaningful way. The powerful new business tool-advanced analytics enables many mining companies to aggressively leverage their data in key business decisions and processes with impressive results. From statistical analysis to machine learning and artificial intelligence, the authors show how many analytical tools can improve decisions about everything in the mine value chain, from exploration to marketing. Combining the science of advanced analytics with the mining industrial business solutions, introduce the “Advanced Analytics in Mining Engineering Book” as a practical road map and tools for unleashing the potential buried in your company’s data. The book is aimed at providing mining executives, managers, and research and development teams with an understanding of the business value and applicability of different analytic approaches and helping data analytics leads by giving them a business framework in which to assess the value, cost, and risk of potential analytical solutions. In addition, the book will provide the next generation of miners – undergraduate and graduate IT and mining engineering students – with an understanding of data analytics applied to the mining industry. By providing a book with chapters structured in line with the mining value chain, we will provide a clear, enterprise-level view of where and how advanced data analytics can best be applied. This book highlights the potential to interconnect activities in the mining enterprise better. Furthermore, the book explores the opportunities for optimization and increased productivity offered by better interoperability along the mining value chain – in line with the emerging vision of creating a digital mine with much-enhanced capabilities for modeling, simulation, and the use of digital twins – in line with leading “digital” industries.
Book Synopsis Microsoft Excel 2019 Data Analysis and Business Modeling by : Wayne Winston
Download or read book Microsoft Excel 2019 Data Analysis and Business Modeling written by Wayne Winston and published by Microsoft Press. This book was released on 2019-03-28 with total page 1490 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master business modeling and analysis techniques with Microsoft Excel 2019 and Office 365 and transform data into bottom-line results. Written by award-winning educator Wayne Winston, this hands-on, scenario-focused guide helps you use Excel to ask the right questions and get accurate, actionable answers. New coverage ranges from Power Query/Get & Transform to Office 365 Geography and Stock data types. Practice with more than 800 problems, many based on actual challenges faced by working analysts. Solve real business problems with Excel—and build your competitive advantage: Quickly transition from Excel basics to sophisticated analytics Use PowerQuery or Get & Transform to connect, combine, and refine data sources Leverage Office 365’s new Geography and Stock data types and six new functions Illuminate insights from geographic and temporal data with 3D Maps Summarize data with pivot tables, descriptive statistics, histograms, and Pareto charts Use Excel trend curves, multiple regression, and exponential smoothing Delve into key financial, statistical, and time functions Master all of Excel’s great charts Quickly create forecasts from historical time-based data Use Solver to optimize product mix, logistics, work schedules, and investments—and even rate sports teams Run Monte Carlo simulations on stock prices and bidding models Learn about basic probability and Bayes’ Theorem Use the Data Model and Power Pivot to effectively build and use relational data sources inside an Excel workbook Automate repetitive analytics tasks by using macros
Book Synopsis The Power of Collaborative Leadership by : Iva M Wilson
Download or read book The Power of Collaborative Leadership written by Iva M Wilson and published by Routledge. This book was released on 2009-11-03 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Power of Collaborative Leadership: Lessons for the Learning Organization helps business leaders realize the promise of organizational learning by sharing the lessons, insights, and best practices gained by two veteran managers and organizational learning pioneers. The book makes organizational learning principles and concepts more concrete by grounding them in the practical experiences of two major companies. The Power of Collaborative Leadership helps business leaders realize the promise of organizational learning by sharing lessons, insights, and best practices gained by Bert Frydman and Iva Wilson, two veteran managers and organizational learning pioneers. Together with JoAnne Wyer, a professional learning analyst, they show that in order to be effective leaders of business organizations, we must transform an organization's methods of absorbing new information and its ability to transform it into knowledge and wisdom. This book offers some provocative and practical ways to overcome many commonly held assumptions and practices that can actually impede learning and the improvement of the organization.
Book Synopsis Revenue Management by : Robert G. Cross
Download or read book Revenue Management written by Robert G. Cross and published by Crown Currency. This book was released on 2011-04-27 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the man the Wall Street Journal hailed as "the guru of Revenue Management" comes revolutionary ways to recover from the after effects of downsizing and refocus your business on growth. Whatever happened to growth? In Revenue Management, Robert G. Cross answers this question with his ground-breaking approach to revitalizing businesses: focusing on the revenue side of the ledger instead of the cost side. The antithesis of slash-and-burn methods that left companies with empty profits and dissatisfied stockholders, Revenue Management overturns conventional thinking on marketing strategies and offers the key to initiating and sustaining growth. Using case studies from a variety of industries, small businesses, and nonprofit organizations, Cross describes no-tech, low-tech, and high-tech methods that managers can use to increase revenue without increasing products or promotions; predict consumer behavior; tap into new markets; and deliver products and services to customers effectively and efficiently. His proven tactics will help any business dramatically improve its bottom line by meeting the challenge of matching supply with demand.
Book Synopsis Modeling and Simulation Techniques for Improved Business Processes by : Ebrahimi, Maryam
Download or read book Modeling and Simulation Techniques for Improved Business Processes written by Ebrahimi, Maryam and published by IGI Global. This book was released on 2018-01-05 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies are constantly faced with the need to grow and advance in order to compete with other corporations. The implementation of computer innovations allows for smoother transitions to adaptive changes through the use and understanding of analytical tools. Modeling and Simulation Techniques for Improved Business Processes is a critical scholarly resource that examines the systems currently implemented in companies and how they can be upgraded and advanced through various computer design methods. Featuring coverage of a broad range of topics including scenario planning, casual modeling, and system dynamics, this publication is targeted toward researchers, professionals, and engineers searching for current research on corporate innovations created through computer design methods.
Book Synopsis Crafting and Executing Strategy by : Alex Janes
Download or read book Crafting and Executing Strategy written by Alex Janes and published by McGraw Hill. This book was released on 2017-02-16 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of Craftingand Executing Strategy continues to provide a valuable resource forEuropean readers while embracing new and updated core concepts and key theoriesin strategy. Throughout the text you will find a range of examples thatillustrate how strategy works in the real world and encourage the practicalapplication of learning. Complementing the chapters is a section of new casesproviding in-depth analysis of the challenges of strategic management at arange of companies. This edition includes: • A new 6Ds framework, allowing readers to structure theirapproach to strategic management around the fundamental elements of thestrategy process (Diagnosis, Direction, Decisions and Delivery) and the contextwithin which that process is managed (Dynamism and Disorder). • Opening cases that begin each chapter and feature real-lifebusiness scenarios from companies such as Tinder, Ikea and Victorinox,introducing strategic concepts and theories. • Illustration Capsules, which have been updated to illustratecontemporary business concerns and demonstrate how companies have reactedstrategically, increasing understanding of successful strategies. Companiesfeatured include Burberry, TOMS, Aldi, Novo Nordisk and more. • Key Debates that stimulate classroom discussion and encouragecritical analysis. • Emerging Themes that present contemporary strategicopportunities and issues such as ripple intelligence and technology and neworganizational structures. • A Different View encouraging readers to appreciate differingviewpoints on strategic concepts and theories. • End of chapter cases that capture each chapter’s main theoriesthrough engaging cases on companies such as Adidas and Nike, Lego and Uber. • New recommended reading at the end of each chapter which help tofurther knowledge, including classic texts and advanced reading, and authornotes providing context Connect is McGraw-Hill Education’s learning and teachingenvironment that improves student performance and outcomes while promotingengagement and comprehension of content. New for this edition are interview-style videos, featuring authorAlex Janes in discussion with business leaders, exploring how organizationalstrategy has developed within companies as diverse as Jeep, Levi Strauss, NovoNordisk and a prestigious oil and gas company. The videos are provided infull-length or in segments, with questions aimed at encouraging classroomdiscussion or self-testing. This new edition is available with SmartBook, McGraw-HillEducation’s adaptive, digital tool that tests students’ knowledge of key conceptsand pinpoints the topics on which they need to focus study time. Crafting and Executing Strategy is also available with both TheBusiness Strategy Game and GLO-BUS – the world’sleading business strategy simulations.
Author :Chaman L. Jain & Jack Malehorn Publisher :Institute of Business Forec ISBN 13 :9780932126757 Total Pages :516 pages Book Rating :4.1/5 (267 download)
Book Synopsis Practical Guide to Business Forecasting by : Chaman L. Jain & Jack Malehorn
Download or read book Practical Guide to Business Forecasting written by Chaman L. Jain & Jack Malehorn and published by Institute of Business Forec. This book was released on 2005 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis EBOOK: Crafting and Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases by : Arthur Thompson
Download or read book EBOOK: Crafting and Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases written by Arthur Thompson and published by McGraw Hill. This book was released on 2013-02-16 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crafting and Executing Strategy has been revised and updated specifically with its European readers in mind. Building upon the success of previous editions, it continues to explain the core concepts and key theories in strategy and illustrate them with practical, managerial examples students can really relate to. Brand new features have been developed to encourage readers to go beyond learning and to apply their knowledge to from a diverse range of real-life scenarios including global brands, SMEs, public sector and not-for-profit organizations.
Book Synopsis Developing Knowledge-Based Client Relationships by : Ross Dawson
Download or read book Developing Knowledge-Based Client Relationships written by Ross Dawson and published by Routledge. This book was released on 2012-05-31 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Knowledge-Based Client Relationships, Second Edition, shows organizations how to lead their key clients into lasting, profitable, high-value relationships. Building on the powerful, tested principles of knowledge-based client relationships, Ross Dawson provides clear and extremely practical approaches for all professional and knowledge-based firms on how to create unique value for both clients and themselves. Detailed case studies across a wide variety of professional services industries offer valuable insights into world leading practice in the field. He examines key client programs, and how to create deeper knowledge-based relationships through these. He discusses in detail the collaborative technologies available today and how they can be used in client relationships, along with managing portfolios of communications channels. He also discusses firm-wide relationship management, leading relationship teams, and value-based pricing for knowledge-based client relationships. This is done by presenting underlying theoretical framework, a variety of tools for structuring relationships and presenting knowledge to clients, and numerous case studies and examples of firms which have implemented these concepts successfully.
