Practical Optimization: Working with the Realities of Decision Management
Download our report to learn a practical and effective approach to portfolio management.
Effectively Bridging the Gap between Portfolio Analysis and Portfolio Management
Portfolio management tools are designed to aid senior management in the development and analysis of portfolio strategies. However, most of the commercial portfolio optimization packages are relatively inflexible and unable to answer the key questions posed by senior management. In order for management to make decisions and set strategic objectives, these portfolio tools must first provide practical, goal-oriented output that is applicable and directly pertinent to the issues faced by the company. The output must provide information that allows decisions to be made that take into account optimization of all scarce resources (money, people, and time) in the context of an evolving longer-term portfolio.
This paper begins with a discussion of traditional approaches and recent advances in the area of portfolio management technology. Next, practical business reasons are provided as to why there is a current gap between portfolio analysis and portfolio management. Following a discussion of scarce resources and the prospect funnel, a project portfolio optimization example is provided for a company in the energy sector. The paper concludes with recommended approaches for managers to address the key business need for effective portfolio management.
Simply complete the form at the top to download our 8 page white paper.
More Optimization White Papers
Tabu Search
Tabu Search, also called Adaptive Memory Programming, is a method for solving challenging optimization problems in the fields of business, engineering, economics and science. Everyday examples include practical applications in resource management, financial and investment planning, healthcare systems, energy and environmental policy, pattern classification, biotechnology and a host of other areas. Tabu search has emerged as one of the leading technologies for handling real-world problems that have proved difficult or impossible to solve with classical procedures.
Optimizing AI/ML Hyperparameters with SimWrapper and OptQuest
Download our report to see how SimWrapper and OptQuest can be used to optimally tune hyperparameters for your AI/ML models.