About Us
About Provisdom
Mark Erickson Biography
Dave Dixon Biography
Dick Frankel Biography
Corporate Decision Making
Philosophy
Corporate Grandmaster - Compares decision making by top executives to that of chess grandmasters.
Value Creation Cycle - Discusses how information creates value through decisions.
Climbing the Decision Ladder - Reaching the top rung of the decision ladder means achieving wisdom through data and knowledge.
Transparency in Corporate Decision Making - The need for transparency to stakeholders in information and decisions.
Risk-Adjusted Economic Value
True Shareholder Value - Discusses the definition of True Shareholder Value and how it is calculated.
Testing EOM Modeling Frameworks and Models - How to know if your decision support tools and methods actually maximize risk-adjusted economic value.
Discount Rates - Why single-rate discounting almost never maximizes risk-adjusted economic value.
Sustainability Factors - The connection between sustainability factors and risk-adjusted economic value.
Maximum Transparency Modeling - Issues surrounding the trade-offs between transparency and practicality.
The Economic Markets and Risk-Adjusted Economic Value - Describes the concept of the market and its relationship to risk-adjusted economic value.
Need
Elements of Corporate Decision Making - Market research on corporate decision making.
Speed and Information - Decision makers are often forced to choose between using relevant information or speed and agility.
Corporate Myopia - Corporations and fund managers often ignore long-term information that has significant impact on value.
Enterprise Value Creation Landscape - An overview of tools and services used to create value in the enterprise.
Decision Platform
Overview
Foundation of IP - Provisdom's intellectual property foundation.
Benefits - A summary of the benefits of using the Provisdom Decision Platform to improve corporate decision making.
Advantages - A summary of how the Provisdom Decision Platform compares with other decision modeling methods and technologies.
Features and Functions - Aspects of the
Provisdom Decision Platform that make your corporate decision making problems simple and fast to develop, with results which will be transparent to your colleagues.
Application
Corporate Applications - The Provisdom Decision Platform may be used over the entire range of corporate decisions.
The Process - Outlines a six-step process of using the Provisdom Decision Platform to create a customized solution and shows sample inputs and outputs.
Enterprise Role of the Provisdom Decision Platform - The role of the Provisdom Decision Platform in the corporate structure.
Provisdom Decision Platform Software Ecosystem - The major software components that support the Provisdom Decision Platform.
Relationships
Corporate Scenario Planning and the Provisdom Decision Platform - Relationship of Corporate Scenario Planning with the Provisdom Decision Platform.
Knowledge Crunching With Scenario Planning - Likens Scenario Planning to "knowledge crunching" as opposed to the familiar "number crunching".
Balanced Scorecard and the Provisdom Decision Platform - Relationship of Balanced Scorecard with the Provisdom Decision Platform.
Case Studies
Test Cases
Data Center Managment
Server upgrade strategy for a large datacenter in the internet information services industry.
Data Center Management Executive Summary
Data Center Management Test Case
Technology Acquisition and Project Management
Valuation of acquisition target and associated project management for bringing acquired technology to
market in the computer equipment manufacturing industry.
Technology Acquisition and Project Management Executive Summary
Technology Acquisition and Project Management Test Case
Internet Acquisition
Potential acquisition and management of advertising network in the internet-based advertising industry.
Internet Acquisition Executive Summary
Internet Acquisition Test Case
DRAM Supply Chain
Optimization of supply-chain strategy for purchase and inventory of DRAM in the server manufacturing industry.
DRAM Supply Chain Executive Summary
DRAM Supply Chain Test Case
Simple Case Studies
Simple Bass Diffusion - Optimal pricing strategy for VAX machines, where sales are believed to follow a modified Bass Diffusion process with uncertainty.
Simple Boiler - Choice between an industrial boiler which burns gas, oil, or both. For the boiler which
burns both fuels, illustrates the use of market-traded assets (oil and gas) and the effects of switching costs in choosing the optimal fuel strategy over the boiler lifetime.
Simple Dynamic Pricing - Optimal pricing strategy for a pizza chain. The optimal price changes as a function of costs, product desirability, and advertising costs.
Simple Equity Trading - Optimal stock trading through knowledge gathering.
Simple Derivatives Trading - Complex derivatives trading based on market mispricing.
Test Studies
Deep Water Oil Sequential Exploration
Optimal drilling order for geologically related sites.
Deep Water Oil Sequential Exploration Executive Summary
Deep Water Oil Sequential Exploration Test Study
Oil Production
Buy/sell production rights based on uncertain future volume.
Oil Production Executive Summary
Oil Production Test Study
Resources
Definitions
Qualitative - Definition of Qualitative
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