Supporting Senior Executives Models for Planning And Control

Cover Supporting Senior Executives Models for Planning And Control
Supporting Senior Executives Models for Planning And Control
Michael Edmond Francis Treacy
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Typically, the packages allow the user to easily manipulate the model, to test alternate assumptions and scenarios, and to perform sensitivity analyses. These are line-oriented systems in the sense that the model is defined line by line, with each line representing another variable. The packages usually allow a manager to define, solve, and analyze a model and generate reports and graphs. They do not, in general, manage a data base or offer ad hoc analytic capabilities.
These line-oriented mode
...ling systems have won many supporters, but they are still not user-friendly enough to have gained a significant base of senior executive users, except in financial functions. They are, however, ideal for the creation of formal models if the analyst has enough knowledge to be able to create a fairly complete representation of the problem. These packages also address many of the potential problems with formal models. They are designed to make modeling easier, less complicated, and more friendly by providing a powerful but uncomplicated syntax that incorporates both model building and model analysis commands.

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