| |
|
The definition of “optimization” in the context of analytics and mathematics is the determination of the best inputs to a system so as to maximize or minimize a particular objective function.
Is your company trying to determine how to best allocate capital investment by selecting the best set of projects to pursue? Are you wondering about the proper number, and skill set, of employees to hire for a new business operation? What is the number of processing stations required to balance work-in-progress with finished goods inventory? What is the best way to set up sales territories so that sales agents have a equal possibility for success while ensuring that all geographies are covered?
These questions, and many more, can be well addressed by the numerous analytical optimization techniques available.
DVM, MPVM
Toll Free (US) +1 866 259 7434
Tel +1 303 440 8524
Vose Consulting US Office
see map
top |
At Vose Consulting we believe in partnering relationships with our clients: that is, we strive to structure our clients' use of our time to maximize their benefit. To that end we prefer to work, wherever possible, alongside the client, demonstrating and teaching as we go the methods we use and sharing as much of the work as possible with the clients' personnel. This maximizes the transfer of knowledge, so that the client is better able to understand our work, and more capable of doing future projects by themselves. We aim for long-term relationships with our clients.
|
- Century Aluminium
- Rohm & Haas
- Edica-Garnett Partners
- Stone Energy
- GECC
- Pfizer
- View all clients
|
|
top
Problem The client, an online finance company, processes a large volume of credit applications on a 24x7 basis. Processing time and cost of the application process are key ingredients to the client’s profitability. Part of the application process is to run the borrower’s information through a number of steps which include several internal systems and several different credit bureaus. Each of these steps happens in a prescribed sequence. After each step, a decision is made to either reject the borrower’s application or to go to the next step. Obtaining the data from each credit bureau has a unique cost and processing time. Running the borrowers information through each internal system also has an associated processing time. The client was interested in determining the best sequence of steps to optimize for the lowest average cost and/or lowest average processing time.
More
Problem: Pharmaceutical companies rely on their sales representatives (SR) to promote their products to the physician community. SR's usually have assigned geographical territories where they regularly do their promotion work. Each territory may have different numbers of physicians, proportions of specialists, numbers of specialists in different class categories, distances to travel, and market size, among many other factors. Since a large percentage of the SR's salary is based on the economic performance of their territories, making a fair and efficient allocation of territories is key for the success of the promotion operations, and to ensure that all SR's get fair territories. The regional sales management for a large pharmaceutical company retained Vose Consulting to produce a tool for performing optimal territory assignment.
More
Problem: In-store availability of machine replacement parts greatly determines customer satisfaction and hence sales. To increase sales and profits, a very large agricultural machine manufacturer wanted to increase the probability of parts being available at each of their >300 dealer-sites. However, increasing the number of parts available at their dealers had to be balanced against the financial burden of holding stock and their dealers' inventory turn-over.
More |
View other example projects
top
Vose Consulting primary goal is to help clients make better, more informed decisions in the face of uncertainty and risk. We accomplish this goal through a combination of risk analysis consulting, training, and software. We believe that training is essential in all customer engagements. Vose Consulting provides training in many aspects of risk analysis, from general probabilistic modeling to complex financial and project risk analysis. We have a particular focus and expertise on quantitative risk analysis and modeling. Below you can see the list of training courses suggested by Vose Consulting. To see all trainings and schedules courses, please click on the links following the list.
Scheduled courses
Other courses
top
|
|
|
