Category: Modelling
Introduction to Simulation Models
Simulation models sets out to mimic real life company operations.
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Moddeling World 2011
S&R participated as a keynote speaker at the Modelling World conference held in London June 16. The theme was forecasting and decision making inn an uncertain world
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The tool that would improve everybody’s toolkit
Edge, which every year invites scientists, philosophers, writers, thinkers and artists to opine on a major question of the moment …
Plans based on average assumptions ……
Don’t worry about the average, worry about how large the variations are, how frequent they occur and why they exists.
Working Capital and the Balance Sheet
Simplifying the balance sheet – using the concept of working- and operating capital.
Uncertainty modeling
We know that forecasts based on average values are on average wrong. In addition will deterministic models miss the important uncertainty dimension that gives both the different risks facing the company and the opportunities they bring forth.
Working Capital Strategy
Net working capital is defined as the difference between current assets and current liabilities. It can be both positive and negative depending on the firm’s strategic position in the market.
Solving Uncertainty in Simulation Models
Uncertainty in your firm’s operations is most likely complex and will need systematic treatment through simulation modeling – by thinking outside the box.
