Showing posts with label decision-making. Show all posts
Showing posts with label decision-making. Show all posts

2/04/2012

Introductory Management Science : Decision Modeling With Spreadsheets (with CD-ROM) Review

Introductory Management Science : Decision Modeling With Spreadsheets (with CD-ROM)
Average Reviews:

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I use this book for my "Quantitative Methods for Decision Making" class and there is some involvement of mathematics. But it is just easy to understand and to use. Also the methods used here are really sort of fundamental and important. I recommend this book for those who really hate deep mathematical involvement in management science.

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This highly-esteemed text introduces readers to the key ideas of modeling and management decision making that will be important to them throughout their careers. Addressing the needs of readers interested in both business administration and decision science careers, the book provides a conceptual foundation for all topics and the role of spreadsheet modeling techniques in the larger context of business decision-making. This text fully integrated Excel spreadsheets. It is packaged with a free CD-ROM which contains the student version of Crystal Ball Software, Excel templates, plus much, much more. Part of JIT program.

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11/12/2011

The Microguide to Process Modeling in BPMN Review

The Microguide to Process Modeling in BPMN
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I like the idea the authors had about a micro guide, sometimes these topics can be daunting and offering a book that can be read in a day to get up to speed is a great idea. There are some possible improvements and not necessarily criticisms, the flow of the book could use some improvement, In some chapters a topic is introduced at the beginning but then the authors go off on a tangent though relevant I found myself going back and rereading the start of the chapter thinking I had missed something only to find that topic discussed towards the end. I think the best improvement they could have made was to use consistent real life modeling examples, early in the book the authors suggest they will explore some common archetypes and then list them with participants and sub processes but then use examples like making a PBJ sandwich instead of using any of the processes they mentioned. The authors also introduce what they call the Process Modeling framework which makes sense and is a common approach sadly they describe the PMF sequence but never delve into an example that shows a process being modeled from start to finish, though I followed I think a example would have really helped.
Overall I recommend the book and hopefully the authors will update it, certainly I would consider it as a standard book for our analysts but will wait to see if any of the above get addressed.


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With over fifty implementations, Business Process Modeling Notation (BPMN) is an increasingly successful Object Management Group (OMG) standard. Whether you are in government, manufacturing, or business, you can easily and accurately depict your company's processes in BPMN. BPMN Specification 1.1, however, can be abstract, lengthy, and complicated. As a result, learning to use BPMN can be daunting and force professionals to steer clear of it without an efficient and easy way of getting acquainted with the material. The straightforward information that is packed into this book is exactly what is needed. This guide gathers all the ideas, design, and problem-solving of BPMN into one simple, focused book, and offers concrete true-life examples that explain BPMN's approach to process modeling.

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9/11/2011

Modeling for Insight: A Master Class for Business Analysts Review

Modeling for Insight: A Master Class for Business Analysts
Average Reviews:

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i am currently in the middle of the book and so far i can say i received my money's worth..
while the book might not be teaching any new concept.. the book takes you - thru a simple methodology - into how to tackle a problem.. then how to solve it.. Well, the authors do not like the word "solve" since most of what we want here is insight and not a solution for a mathematical equation..
an added benefit of the book is that you do not need to be a math or statistics guy to read - and then use - the whole book. the same goes for excel.. further, the website provides you with additional tools like the Tornado tool for quick results..
I am a Business Intelligence and analytics consultant and being an advocate of structured thinking - without painting with numbers as I have seen many organization, i find the methodology in the book very well accepted when you take the customer into a real-life problem and how to better decide..
when building Business Intelligence Competency Center's in financial sectors or telco, you find many of those armed with a data warehouse and many many database admin's who can link data to get you results.. however very few how have disciplined approaches in deriving insight from the many many reports that usually end in the dust-bin..
if you are building decision or predictive models for clients and you need a way to demystify your approach.. this is definitely your book.. and a very good start for Quants (quantitative engineers or analysts)
I am using the methodology already for our company's clients, my personal investments..
[5-stars indeed]
a book worth reading before this book is "How to Measure Anything: Finding the Value of Intangibles in Business".


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