Efficiently Representing Uncertainty as Probability Distributions
September 1, 2015
Wisdom of Crowds; Tales of the Tail
September 3, 2015

Stochastic Optimization in a Probabilistic Simulation Environment

Probabilistic simulation with integrated stochastic optimization is the current pinnacle for predictive and prescriptive analysis. Traditionally, probabilistic simulation and optimization have been separate disciplines, with differing solutions addressing each area of need, due to the complexity and computational intensity of the approaches. Today, these two approaches can be used together with powerful results. Blending probabilistic simulation and stochastic optimization offers important breakthroughs in managing business and technical challenges.

About Lone Star Analysis

Lone Star Analysis enables customers to make insightful decisions faster than their competitors.  We are a predictive guide bridging the gap between data and action.  Prescient insights support confident decisions for customers in Oil & Gas, Transportation & Logistics, Industrial Products & Services, Aerospace & Defense, and the Public Sector.

Lone Star delivers fast time to value supporting customers planning and on-going management needs.  Utilizing our TruNavigator® software platform, Lone Star brings proven modeling tools and analysis that improve customers top line, by winning more business, and improve the bottom line, by quickly enabling operational efficiency, cost reduction, and performance improvement. Our trusted AnalyticsOSSM software solutions support our customers’ real-time predictive analytics needs when continuous operational performance optimization, cost minimization, safety improvement, and risk reduction are important.

Headquartered in Dallas, Texas, Lone Star is found on the web at http://www.Lone-Star.com