"If you can’t measure it, you can’t improve it" is a phrase that is often heard in the industry and has led organizations around the world to create immense records of information; from changing ...
For any company, is imperative to understand its current and ongoing performance. This is usually evaluated by comparing financial metrics, such as utilities and costs. But, how can we understand the ...
Incrementing demand and attracting new customers is commonly seen among the purposes of any business. But, what happens if the company does not have capacity to meet the increased needs of its ...
Medical emergency response services provide assistance to events of illness or injury that require urgent attention. In the basic medical emergency response service, an ambulance is required to ...
Last year, the film Moneyball (2011) appeared in theaters, obtaining six Academy Award 2012 nominations. The film is based on the book “Moneyball: the art of winning an unfair game” written in 2003 ...
Setting the price of any product or service can certainly be overwhelming for any business owner. But the truth is that price is one of the most important elements of the marketing strategy (product, ...
Nowadays 15 thousand terabytes* of information are generated daily. The adage that “information is power” seems less valid as time goes by; since data by itself does not make decisions. To take ...
A stochastic system or process is one whose behavior is non-deterministic. This means that a system’s subsequent state is determined both by the process’ predictable actions and by a random element. ...
