Corporate Strategy

Risk Appetite and the Virtues of the Board

Risk Appetite and the Virtues of the Board

This entry is part 1 of 1 in the series Risk Appetite and the Virtues of the Board

Multiple sources of risk are a fact of life. Only rarely will decisions concerning various risks be neatly separable. Intuitively, even when risks are statistically independent, bearing one risk should make an agent less willing to bear another.

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Risk tolerance

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Inventory management – Stochastic supply

Inventory management – Stochastic supply

This entry is part 4 of 4 in the series Predictive Analytics

The introduction of uncertain supply has shown that profit can still be maximized however the profit will be reduced by increased costs both in lost sales and in excess inventory. But most important, profit variability will increase raising issues of possible other strategies.

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Inventory management – Some effects of risk pooling

Inventory management – Some effects of risk pooling

This entry is part 3 of 4 in the series Predictive Analytics

We have thus shown through Monte-Carlo simulations, that the benefits of pooling will increase with the number of locations and that the benefits of risk pooling can be calculated without knowing the closed form of the demand distribution.

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Inventory Management: Is profit maximization right for you?

Inventory Management: Is profit maximization right for you?

This entry is part 2 of 4 in the series Predictive Analytics

Good inventory management is essential to the successful operation for most organizations both because of the amount of money the inventory represents and the impact that inventories have on the daily operations.

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Be prepared for a bumpy ride

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