Uncertainty

We’ve Got Mail! (2)

We’ve Got Mail! (2)

This entry is part 2 of 2 in the series Self-applause

Congrats – you are in the Top 25% of Most-View ed on SlideShare.

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The risk of planes crashing due to volcanic ash

The risk of planes crashing due to volcanic ash

This entry is part 4 of 4 in the series Airports

When the Icelandic volcano Eyafjallajøkul had a large eruption in 2010 it lead to closed airspace all over Europe, with corresponding big losses for airlines.

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We’ve Got Mail !

We’ve Got Mail !

This entry is part 1 of 2 in the series Self-applause

Wow!
We must be doing something right.

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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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The tool that would improve everybody’s toolkit

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, asked this year: “What scientific concept would improve everybody’s cognitive toolkit?”

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Plans based on average assumptions ……

Plans based on average assumptions ……

This entry is part 3 of 4 in the series The fallacies of scenario analysis

Don’t worry about the average, worry about how large the variations are, how frequent they occur and why they exists.

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