Understanding the Scope of Business Analytics

Jack Prot

Business Analytics Business analytics is a wide area that covers the analysis of data using operations research and statistical analysis. It also has to do with the formation of predictive models and application of optimization techniques. The results are then conveyed to the executives, the business partners, and the customers. […]

Menu Planning – Major Time and Effort Saver

Jack Prot

Motto: If you fail to plan, you plan to fail. How do you react when you hear the “what’s for dinner” question? Do you smile, or do you look wearily at your family and give them what you’ve just cooked, too tired to eat yourself? Do you think with resentment […]

Employee Stock Ownership Plans in Business Succession Planning

Jack Prot

Small business succession planning is a major challenge and opportunity for community economic development. There are significant and some negative tax consequences following the death of an owner without a succession plan. The sale of existing businesses, even if successful, could result in relocation of the business, dissolution by competitors, […]

Planning for Development Leads To Success

Jack Prot

This may sound like mathematics to whoever is about to read this article as we say 50% plus 50% equals 100%. Although there is a common saying that when you fail to plan, you are planning to fail. Planning does not only relate to project or business management but to […]

Replacement Theory in Operations Research

Jack Prot

Replacement Theory in Operations Research It is used in the decision-making process of replacing existing equipment with us by a new one. It is like replacing our old refrigerator, moped, car or any machinery in garage, workshop and so on. Some real life examples of this situation are decisions to […]

Subscribe US Now