As global competition in the automotive marketplace intensifies, automotive companies face increasing market performance challenges, and pressure toward building and maintaining brand effectiveness and profits. In the race to dominate market share and increase their competitive positions, OEMs and suppliers alike are looking outside the shop floor to optimize operating...
The IBM Dynamic Inventory Optimization Solution is designed to help companies manage inventory to optimal levels, providing the potential to reduce carrying and logistical costs, increase service levels and improve asset utilization and inventory performance. Already, over 40 clients use this solution with significant results.
The key advance of optimization over traditional BPM Business Process Management technologies is the ability to address both the real time optimization of individual processes "In flight" as well as the ability to identify strategic changes to business processes to drive long term value and cost savings. This dual mission...
Many companies are discovering the possibilities for enhanced performance based on a movement toward a process-driven approach to business. However, many of those same companies struggle to identify a transition strategy that is appropriate for their organization, a strategy that can effectively yield tangible results in a relatively short amount...
This article presents two examples of simulation optimization using OptQuest to illustrate how to optimize simulation models to enhance business process management. The first case, this paper constructs a discrete event simulation model of a hospital emergency room to determine a configuration of resources that results in the shortest average...
This is the first in a two-part series about the challenges governments face in attempting to achieve measurable process improvements through ERP technology. Although ERP is routinely heralded as the golden egg of business process improvement, governments should be wary of the snares that can transform this golden egg into...
When the authors started to design a Business Process Maturity Model, it became clear that the typical five-stage model so prevalent in the marketplace today simply wasn't up to the task. Their goal was to provide balance between a simple representation to which everyone could easily relate and a model...
The healthcare organizations need to transform inherent business processes and underlying infrastructures in an effort to reduce errors and improve quality in an increasingly demanding delivery environment. In this pursuit, healthcare providers are not unlike their counterparts in other in industries. In helping healthcare providers fuse strategy, process and technology,...
Companies across all industries have recognized that implementing Business Process Management BPM software can provide a true competitive edge by automating, integrating and optimizing business processes to speed critical business decision-making, increase operational efficiency, lower the cost of doing business, and improve customer service. Processes can be tuned to their...
Portfolios of assets whose returns have the Gaussian mixture distribution are optimized in the static setting to find portfolio weights and efficient frontiers using the probability of outperforming a target return and Hodges' modified Sharpe ratio objective functions. The sensitivities of optimal portfolio weights to the probability of the market...
The fact that portfolio variance must be positive implies that the correlation matrix for asset returns should be positive definite. As such, a test for positive definiteness in the correlation matrix should be routinely implemented prior to any portfolio optimization exercise. A program is developed to test for positive definiteness...
The traditional Markowitz portfolio optimization has two serious drawbacks. First, mean-variance portfolio optimization is inadequate when asset returns are skewed. Second, investor risk aversion is ignored. A more efficient measure of risk that focuses only on the deviation below a pre-specified target rate of return is defined in a generalized...
This paper deals with one of the most classical but critical issue of the asset management activity: how to efficiently allocate the assets in a portfolio according to their expected returns? A part of the answer comes from the capacity of forecasting the volatility’s and correlation of the assets. As...
This article explains various issues that arise in using mean-variance portfolio optimization in the process of asset allocation. With a simple example, article examines different adjustments to the original Markowitz’s approach that have been suggested in the literature.
The client is a global energy major that needs to harmonize and leverage on the multiple IT divisions of the acquired companies. The client's requirement was an efficient translation of this process knowledge into proper process maps was a very critical challenge and business processes needed to comply with regulations...
FOOD AND BEVERAGE CLOSE-UP-8 June 2009-Park City Group Reports Pact with International Supermarket RetailerC2008 - CloseUpMedia - newsdesk@closeupmedia.com Park City Group, a developer and marketer of patented computer software and consulting services for retailers, announced that as a result of its customer experiencing ongoing and...
Situator Converges Thousands of Duress Buttons, Cameras, Access Control and Alarm Points Enabling Operators to Manage a High Load of Data and Improves Risk Management ESSEN, Germany, October 7 /PRNewswire/ -- OrsusR, the pioneer in the field of Situation Management, a new holistic approach to optimizing situation...
FAIRFAX, Va., Oct. 7 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded General Dynamics Advanced Information Systems a contract valued at up to $13.5 million for engineering services in support of the Maritime Integrated Air and Missile Defense Planning System MIPS, a successor to the AADC Area Air Defense Commander...
RedPrairie Solution Chosen by Sheetz to Centralize Task and Store Process Management MILWAUKEE -- RedPrairie Corporation, a consumer-driven optimization company, has announced Sheetz plans to implement RedPrairie's Execution Management solution - a development occurring soon after Sheetz's successful completion of a RedPrairie Site Operations rollout in more than...
ORLANDO, Fla. -- FlightAware, the world leader in flight tracking and online aviation data with over 120,000 registered pilots, released a free online flight planning application this morning at the National Business Aviation Association NBAA convention in Orlando, Florida. FlightAware Flightplan does not require pilots or dispatchers to pick altitudes,...
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