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Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions

Book Specification

Binding Paperback
Language English
Number Of Pages 282
Author Robert D. Brown III
Publisher Apress
Isbn-10 1484234944
Isbn-13 9781484234945
Dimension 17.81*1.75*25.4

Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions

Robert D. Brown III's Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions

This tutorial teaches you how to use the statistical Programming language R to develop a Business case simulation and analysis. It presents a methodology for conducting Business case analysis that minimizes decision delay by focusing stakeholders on what matters most and suggests pathways for minimizing the risk in strategic and capital allocation decisions. Business case analysis, often conducted in spreadsheets, exposes decision makers to additional risks that arise just from the use of the spreadsheet environment.

R has become one of the most widely used Tools for reproducible quantitative analysis, and analysts fluent in this language are in high demand. The R language, traditionally used for statistical analysis, provides a more explicit, flexible, and extensible Environment than spreadsheets for conducting Business case analysis.

The main tutorial follows the case in which a chemical manufacturing company considers constructing a chemical reactor and production facility to bring a new compound to market. There are numerous uncertainties and risks involved, including the possibility that a competitor brings a similar product online. The company must determine the value of making the decision to move forward and where they might prioritize their attention to make a more informed and robust decision. While the example used is a chemical company, the analysis structure it presents can be applied to just about any Business decision, from IT projects to new product development to commercial real estate. The supporting tutorials include the perspective of the founder of a Professional service firm who wants to grow his Business and a member of a strategic planning group in a biomedical device company who wants to know how much to budget in order to refine the quality of information about critical uncertainties that might affect the value of a chosen product development pathway.

What You’ll Learn

  • Set up a Business case abstraction in an influence diagram to communicate the essence of the problem to other stakeholders
  • Model the inherent uncertainties in the problem with Monte Carlo simulation using the R language
  • Communicate the results graphically
  • Draw appropriate insights from the results
  • Develop creative decision strategies for thorough opportunity cost analysis
  • Calculate the value of information on critical uncertainties between competing decision strategies to set the budget for deeper data analysis
  • Construct appropriate information to satisfy the parameters for the Monte Carlo simulation when little or no empirical data are available

Who This Book Is For

Financial analysts, data practitioners, and risk/business professionals; also appropriate for graduate level finance, business, or data Science students

Store Price Buy Now
Amazon, Paperback Rs. 1260.0

Why you should read Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions by Robert D. Brown III

This book has been written by Robert D. Brown III, who has written books like Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions. The books are written in Business, Strategy & Management category. This book is read by people who are interested in reading books in category : Business, Strategy & Management. So, if you want to explore books similar to This book, you must read and buy this book.

How long would it take for you to read Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions

Depending on your reading style, this is how much time you would take to complete reading this book.

Reading Style Time To Finish The Book
Slow 56 hours
Average 28 hours
Good 18 hours
Excellent 9 hours
So if you are a Reader belonging in the Good category, and you read it daily for 1 hour, it will take you 18 days.
Note: A slow reader usually reads 100 words per minute, an average reader 200 words per minute, an average reader 300 words per minute and an excellent leader reads about 600-1000 words per minute, however the comprehension may vary.

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