Rapidly Developing Optimizing Simulations and Overcoming Barriers to Implementation
Wednesday, April 14, 11-11:40am EDT
As the global market and supply chain evolve under great levels of uncertainty and businesses scramble to adapt, too many executives are “flying blind” by making far-reaching decisions in a short amount of time without adequate data and quantitative decision-support tools. The solution? Optimizing simulations, which help executives rigorously and quickly assess their options and the impact of the policies they create. In addition to supporting short-term improvements in organization goals like safety, productivity and profitability, these nimble, customizable tools help executives prepare their organizations for future challenges. In this session, we will describe a proven methodology for rapid development of optimizing simulations and share tactics to overcome barriers to their implementation and the resulting business process change.