Models to Aid Decision Making in Enterprises

Enterprises are complex heterogeneous entities consisting of multiple stakeholders with each performing a particular role to meet the desired overall objective. With increased dynamics that enterprises are witnessing, it is becoming progressively difficult to maintain synchrony within the enterprise for it to function effectively. Current practice is to rely on human expertise which is time-, cost-, and effort-wise expensive and also lacks in certainty. Use of machine-manipulable models that can aid in pro-active decision-making could be an alternative. In this paper, we describe such a prescriptive decision making facility that makes use of different modeling techniques and illustrate the same with an industrial case study.