Decision analysis: practice and promise
Management Science
Elements of information theory
Elements of information theory
Enterprise modeling within an enterprise engineering framework
WSC '96 Proceedings of the 28th conference on Winter simulation
The unified software development process
The unified software development process
Proceedings of the 31st conference on Winter simulation: Simulation---a bridge to the future - Volume 1
Business Information Systems
Decision Analysis for Management Judgment
Decision Analysis for Management Judgment
Visual modeling of business problems: workflow and patterns
WSC '04 Proceedings of the 36th conference on Winter simulation
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One of the main challenges in the modeling of business problems is to provide the modeler and the user with meaningful visual tools. The business model is usually presented by different types of flow charts and diagrams. If the modeling process is simplified in how it is represented to the user, it improves understanding, as well as, helps to interpret the result of the analysis. This paper discusses a proposed methodology for business modeling and how this process can be applied to real world problems. The formal iterative modeling process includes a Probabilistic Model Description, Domain Model Diagram, and diagrams to define model's calculation logic, sensitivity analysis tools, decision trees, and other tools. The paper also discusses benefits of the unification of specification for the visualization tools. The described methodology is used in decision and risk analysis application Decision Tool Kit.