Although some steelmakers have been slow to embrace some of the enterprise resource planning (ERP) software systems, others have had success with them. A mill in the United Kingdom recently employed a latest-generation risk-management system to plan and execute a...
In Part I combining simulation and decision tree techniques was introduced. But what does that actually give you? What meaningful results are created to justify the work? Obviously there are good things to come, or I wouldn’t be bringing it up! A regular spreadsheet...
The 2022 FIFA World Cup is right around the corner and the tournament predictions are pouring in. While checking team rankings and relying on gut instinct might be the classic approach to choosing your champion, risk analysis software is changing the game by helping...
