INFORMS Logo
 

DA 2000 & Beyond: How Industry is Learning & Applying Decision Analysis


Session: WB01
Date/Time: Wednesday 10:15-11:45
Type: Sponsored
Sponsor: Decision Analysis Society
Track:
Cluster:
Room:
Chair: David C. Skinner
Chair Address: Decision Strategies, Inc., 13410 Queensbury Lane, Houston, TX 77079
Chair E-mail: skinnerdc@aol.com
Chair:
Chair Address:
Chair E-mail:

WB01.1 Decision Analysis in the 21st Century: Integrated Decision Management
  • James McCuish; BP/Amoco, 3700 Bay Area Blvd., Houston, TX 77058;

Integrated Decision Management enhances decision analysis and real options methodologies by actively linking them into the organization's systems and cultures for value engineering, project management and capital portfolio optimization. Ignoring this often creates an 'orphan status' for decision analysis that does not deliver timely results or long-term value.

WB01.2 Decision Analysis in the 21st Century: Integrated Portfolio Management

The drive for value and R&D efficiency has led to new thinking about the principles and methods for evaluating pharmaceutical projects using probabilistic discounted cash flow and real options methods. Integrated Portfolio Management incorporates the best practices and software automation into a modern system for today's leading companies.

WB01.3 Decision Analysis in the 21st Century: Pharmaceutical Portfolio

The application of Integrated Portfolio Management to a pharmaceutical portfolio led to a significant R&D savings and enhanced understanding of each project's potential and risk. The approach used probabilistic cash flow and real options methods to appropriately value each type of project. Portfolio Wizard software enabled quick optimization and display of scenarios.

WB01.4 Decision Analysis in the 21st Century: Multimedia Training
  • David C. Skinner; Decision Strategies, Inc., 13410 Queensbury Lane, Houston, TX 77079; skinnerdc@aol.com

A series of hands-on workshops combined with Internet-based tutorials are available to learn Integrated Decision Management. The spectrm of concepts and skills ranges from the fundamentals for general audiences to advanced topics for practitioners. Innovative use of multimedia technology adds depth and individual flexibility to the learning process.


For information on individual presentations, please contact the authors directly.

Return to Conference home page
Questions on membership, subscriptions and the like should go to INFORMS Customer Service. 
Questions/comments of a general nature about this Web site should go to Editor, IOL. 
Copyright © Institute for Operations Research and the Management Sciences