Businesses face a difficult problem in allocating scarce resources under conditions of uncertainty. Far too often in practice, optimization models are built assuming, implicitly, that the data or ...

PartSim is a web-based program that enables users to create and simulate electronic circuits without installing any software. This article will continue our exploration of the possibilities provided ...

Uncertainty and risk are issues that virtually every business analyst must deal with, sooner or later. The consequences of not properly estimating and dealing with risk can be devastating. There’s a ...