Before you start to solve a problem (a numerical problem) you should check its conditioning. An ill-conditioned problem will produce very fragile and unreliable results – no matter how elegant and sophisticated solution you come up with it will be vulnerable. If decisions or strategies are based on fragile outcomes, those decisions and strategies will…
Resilience rating is a revolutionary, INDEPENDENT and TRANSPARENT internet-based rating system that allows users to perform an objective and reliable evaluation of the state of health of any business. The hallmark of the service is that YOU perform the rating, NOT a third party that does not understand your business. This means you TRUST the…
When facing large doses of uncertainty risk model-based methods of managing uncertainty don’t work. One thing is to manage an assembly line producing, for example, computer chips, another is to run a company in a globalized, turbulent, chaotic, non-stationary and shock-punctuated economy. Some things can be accomplished via mathematical modeling some cannot. Sure, you can…
There still seems to be a rush towards optimal design. But there is no better way to fragility and vulnerability than the pursuit of peak performance and perfection – optimality in other words. But let’s take a look at the logic behind this risky and outdated practise: Based on a series of assumptions, a math model…
