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Vose Consulting experts have many years of experience of applying classical and Bayesian statistical methods to business problems. We find classical statistics is more readily acceptable among certain audiences, but Bayesian statistics is more consistent with risk analysis modeling because the analysis requires simulation of uncertainty about model parameters. This simulation helps one to see how uncertainty progresses through a model to affect the ability to predict the output of interest, not just quote confidence intervals. Vose consulting can help you apply appropriate statistical analyses to make robust business decisions in face of uncertainty in a variety of areas such as financial analysis, production and operations process improvement and marketing research.
Process control
Process control techniques, popularised by approaches like Six Sigma’ use statistical tools to improve the process performance by reduction in variation and errors, as well as optimization of systems (e.g. levels of stock or call centre representatives). Vose Consulting can improve your business processes by analyzing them and help you re-engineer them for greater efficiency and effectiveness..
DVM, MPVM
Toll Free (US) +1 866 259 7434
Tel +1 303 440 8524
Vose Consulting US Office
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PhD, MBA, MSc
Toll Free (US) +1 866 259 7434
Tel +1 303 440 8524
Vose Consulting US Office
see map
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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.
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- 21st Century Insurance, USA
- Accuray , USA
- Anacorp Pharmaceuticals, USA
- Corning Incorporated, USA
- Emerson Network Power, USA
- John Deere, USA
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Problem: To evaluate hedging and other potential risk mitigation decisions, the third largest bank in South America needed to forecast the exchange rate between its local currency and the US dollar.
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More Example projects-
- John Deere – Statistical Analysis of demand for spare parts
- Zurich Financial Services – Analysis of correlation of assets and stochastic forecasting
- Danish Veterinary Authority – Statistical analysis to attribute occurrence of Salmonellosis amongst food sources
- Mighty River Power Company (New Zealand) – Analysis to determine the real option hydroelectric value of a unit of lake water as a function of time of year, time of day and spot value electricity and height of lake
- VWR: Vose Consulting identify different categories of product demands based on historical demand behavior data. The statistical classification model was use to allocate each product demand into one of the demand categories, in order to be used in the client’s inventory management process.
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Vose Consulting worked with our group to create a statistical model which optimizes customer parts fill versus financial inventory goals at John Deere Construction and Forestry dealerships. We were able to use the output of the model to design an inventory stocking system which improves the customer experience at our dealerships. Additionally, the model was designed in a way to accommodate future "what if" scenarios as the business environment changes.
Jeff Tilden
John Deere Construction & Forestry
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