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Corporate Structure

Corporate structure is the overall makeup of how a company structures its divisions, departments, and people. While corporate structure by itself generally won’t ensure success, it is often a key enabler in order to execute a given strategy. With that, we will look at some ideas for corporate structure that may align with executing overall …

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Integration Using Monte Carlo Simulation

Monte Carlo integration can be used to estimate definite integrals that cannot be easily solved by analytical methods.  There are several methods to apply Monte Carlo integration for finding integrals.  In this article we will cover the basic or ordinary method. Basic Monte Carlo Integration Let’s start with a generic single integral where we want …

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Business Models

Business Model How a company makes money. This definition is a bit shorter than most, but really we are talking about how to generate excess cash after expenses are subtracted from revenue.  Identifying the model that your business, or future business, operates under may allow for new insights into how you can improve what you’re …

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Formatting Diagrams in Diagram Master

This video demonstrates formatting diagrams in Diagram Master. Diagram Master is an Excel add-in for creating node based diagrams. For more information, visit the Diagram Master product page. Topics Covered Formatting all nodes at the same time. Formatting subsets of nodes. Formatting all connectors at the same time. Formatting subsets of connectors. Selecting/Deselecting individual nodes …

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Project Critical Path Analysis Using Simulation

Project critical path analysis can be performed using Monte Carlo simulation as a way to determine project completion time probabilities.  In this article, we will create a network diagram in Excel and a table to perform necessary logic operations. We will assume that each task follows the PERT distribution (also called Beta-PERT).  Using past experience, …

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