TET Proposal: Business Simulation Systems

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TET ProposalBusiness SimulationSystems
Presented By FAG 14 Don Madrid Jeremy
Hutchinson Rico Perciballi Jane Li Alvin Tran
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TET ProposalBusiness SimulationSystems
Presented By FAG 14 Don Madrid Jeremy
Hutchinson Rico Perciballi Jane Li Alvin Tran
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What is it

• Expands on the capabilities of spreadsheet
  technology.
• Allows for highly advanced forecasting and
  process modeling/analysis.
• Creates a virtual dynamic model to allow for
  decision making in a changing business
  environment.

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Why Business Simulation Systems?

• Better use of resources through the
  identification of bottlenecks and spare capacity
• Validation of new processes prior to launch
• Improved customer service levels
• Reduced costs and lead-times

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Witness vs. AgenaRisk
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About Witness

• Software is produced by Lanner http//www.lanner.c
  om
• Easy to use standard Windows PC implementation
• Uses a simple and powerful building block design
• Outputs XML save formats, HTML reports, Excel
  spreadsheets, text files, video, links from
  partner BPM and CAD applications.
• Modular and hierarchical structure

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Witness

• Provides complex
• mathematical analysis
• Accepts both historical data
• and limiting parameters in
• scenario simulations and
• analyses
• Integrates easily with many
• popular programs

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AgenaRisk

• Software produced by Agena http//www.agenarisk.co
  m/
• is a powerful and intuitive tool for modeling,
  analyzing and predicting risk.
• supports both diagnostic and predictive reasoning
  about uncertainty using risk maps, otherwise
  known as Bayesian networks

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Quantitative Evaluation
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Forecasted Business Simulation Software Costs
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Qualitative Assessment
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And the Winner Is
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And the Winner Is
AgenaRisk!