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The Convergence Econometrics Group employs sophisticated mathematical modeling methodologies to provide quantitative decision support for almost any complex decision faced by a company doing business in today's dynamic healthcare environment, including:
- Strategic management / business planning / forecasting
- Opportunity valuation (R&D, acquisition, licensing)
- Optimization (capacity planning, inventory control, sales force deployment)
- Portfolio management
The Convergence Econometrics Group has been at the forefront of applying Monte Carlo simulation as a tool for understanding the economic value of opportunities and threats confronting health science organizations. We have expanded on the mathematics employed in domains ranging from the development of nuclear technologies and space travel to the creation of practical applied business solutions. In contrast to more analytic or point forecast methodologies, this group is able to provide specific probabilities associated with the range of possible outcomes for a given problem under study.
››› Simulation Modeling
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