The River Logic Blog

A Q&A with Matt Birch, PwC, on Visual Modeling in River Logic

EO Modeling: How It’s Different and Revolutionary. A Q&A with Matt Birch, Senior Consultant and PwC.

1. Tell us a little bit about your role at PwC and your career progression / professional background, with respect to optimization and modeling.

Yorkshire Water Case Study: Strategic Risk and Cost Modeling

This month, we are featuring a case study outlining a project by one of our partners, Business Modelling Associates (BMA).

­­­­Enterprise Optimizer Modeling Series: A Chemical Company Example

This is the first blog post in a series aimed at highlighting important Enterprise Optimizer® (EO) modeling features and uses. All information below is based on an EO model created for a real customer. High-level background description is provided, but no confidential information is disclosed.

Background

River Logic partnered with a Top 5 consulting company to design, build and implement a Sales & Operations Planning (S&OP) modeling platform for a large chemical company (“ChemCo”) with operations throughout the Americas and Europe. The impetus for this project was a definable gap in their S&OP planning process.

Microsoft Office Excel Scenario Manager and Prescriptive Analytics

River Logic’s Enterprise Optimizer® and Microsoft Office Excel® have a long and close working relationship. For two decades, EO’s prescriptive analytics-based models have read data from and written data to Excel workbooks. Consistently one of EO’s most popular data sources, Excel makes building prototype EO models or conducting quick, one-off consulting projects considerably easier. It has also been an excellent option to analyze EO model solution results, either with Excel’s built-in features or using add-on technologies like Tableau.

Monte Carlo Optimization for Beginners

The Monte Carlo method is a well-known simulation technique that uses statistical random sampling to solve mathematical problems. In use for about 85 years, many variants exist across a wide range of disciplines. If not familiar, I suggest reading this Wiki page.

Managing Bottlenecks in Business to increase profitability

The key to increasing profitability is to identify which processes in your operations are or may become bottlenecks in the flow of work. Bottlenecks in business are the points where potential changes can have the most dramatic impact on the bottom line. While non-bottlenecks are important to consider from a cost accumulation standpoint, the majority of a manager’s focus should remain on the bottlenecks.

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