Tayo Fabusuyi presented an analytics project that integrates uncertainty into the strategy formulation process at the Palisade Risk Conference in Amsterdam. The approach, applied to a manufacturing firm, combines both MCDM with Monte Carlo simulation with the objective of developing a strategic production plan that will achieve the best use of existing facilities while providing information on the possible expansion of the firm’s productive capacities. Through this approach, Numeritics was able to deliver a strategic plan that not only performs well across a broad spectrum of possibilities but is also nimble enough to respond quickly to unexpected events and contingencies.

A copy of the presentation is available here.