Every company constantly deals with the challenge of making strategic and operational decisions in an environment that is changing, information that is limited, and knowledge that quickly becomes outdated. In order to make sound and resilient decisions, managers typically rely on their intuition, experience or simple mental models (rules of thumb) to arrive at a conclusion.
In situations where large amounts of data are involved and there are multiple dependent factors, it is very difficult to arrive at an optimum conclusion that properly addresses all open risks. This is where computer modeling, coupled with 3D visual simulations can help select the best option and gain buy-in from senior management and stockholders.
We had a good time and learned a lot … Thanks for all your help.Director, National Institutes of Health (NIH)
What I liked most about the workshop was the customized examples based on Simio simbits as well as my own situations.Lean six sigma black-belt, Air Products and Chemicals
Light years ahead of all of our other customers. Need to know what you're going to do, before you do what you are going to do.Specialist Rail Network Capacity, Class I Rail Carrier