Scenario Modelling
Business decisions are often associated with risk and implications that one would like to test before making real-word changes. We map your business processes to a custom model and design a simulator where different scenarios can be tested before making a decision.
The Challenge
You have a number of different options to choose between but need to understand the implications of each before making a decision.
How can you see the likely effects of taking each option and quantitatively measure the expected risk and reward?
The Solution
Our scenario simulator is an interactive tool that uses system dynamics to assess the impact of business decisions against a custom-built model of your business.
We work with you to establish the key parameters and input variables that affect the relevant outputs and derive the relationships between each of the various factors inside the model.
Once the model is built, we show you how to adjust the parameters in the tool to model various scenarios and are also able to build and run discrete event simulations to test how the output evolves over time.
Deliverables
01
A model built in Python or R that outputs the expected value of key business metrics, given input parameters that define a particular scenario
02
A simple user interface to the model, where parameters can be changed and if required, discrete event simulations can be run
03
Analysis from the scenario modeller and documented recommendations on which option is likely to prove the most profitable long-term
The Outcome
You'll be able to make an informed decision based on statistically verified simulations and can adapt the model as your business evolves.
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Take the first step by speaking with one of our data experts today.