Business leaders are often searching for the best ways to make decisions in conditions of uncertainty. Simulation tools can be helpful in modeling and quantifying uncertainties – and simulation optimization can automate the search for better decisions in light of those uncertainties. But too...
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The film Oppenheimer captured the public’s imagination with the story of the Manhattan Project, the top-secret mission by mathematicians and physicists to develop the first atomic bomb. But did you know that some of the same mathematical brilliance that...
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There are a few different options on the market for decision analytics. But if you’re looking for risk analysis cloud-based tools, you might be encountering limitations. For example, @RISK is a popular Excel add-in that provides some good tools for risk analysis, but it’s desktop-only. If you’re...
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Scheduling problems are one of the most common types of resource management challenges, and they affect many industries from airlines to shipping to manufacturing.
For example, airlines need smart scheduling to know how and when to schedule pilots, flight attendants and aircraft....
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