BANA 2082 Chapter Notes - Chapter 1: Braille Authority Of North America, Demand Forecasting, Linkedin
8 Nov 2020
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Document Summary
Analytical applications in finance are numerous and widespread. For the forecasting of financial performance, the risk assessment of investment portfolios and ventures, and the development of financial instruments such as derivatives, predictive models are used. Prescriptive models are used to build optimal investment portfolios, assign assets and create optimal strategies for the budgeting of capital. Europcar, europe"s leading rental car company, for instance , uses forecasting, simulation and optimization models to anticipate demand, evaluate risk and optimize its fleet use. These models are applied through a decision-making support structure used in nine european countries and have resulted in higher fleet efficiency , reduced costs and improved profitability. Simulation is most frequently used for risk management in the financial sector, such as the implementation of simulation models by hypo. Real estate international to effectively mitigate the risk of commercial real estate. The management of the human capital of an enterprise is a relatively new application field for analytics.
