On Advanced Business SimulationsConverging Operational and Strategic Levels

Marc Drobek, Wasif Gilani, David Redlich, Thomas Molka, Danielle Soban

Abstract

Business Dynamics (BD) enables strategic Key Performance Indicator (KPI) predictions to monitor the health status of companies and support the decision making process. Nevertheless, a very important factor, which is generally overlooked, is that the top level strategic KPIs are highly influenced by the operational level business processes. These two domains are, however, mostly segregated and examined as silos with different solutions. In this paper, we are proposing a framework for advanced business simulations, which converges the two domains by utilising Ontologies and process execution data. Establishing this connection enables drilling down from a high level KPI perspective into the underlying operational level details to discover hidden bottlenecks and pre-emptively apply corrective actions.

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Paper Citation


in Harvard Style

Drobek M., Gilani W., Redlich D., Molka T. and Soban D. (2014). On Advanced Business SimulationsConverging Operational and Strategic Levels . In Proceedings of the Fourth International Symposium on Business Modeling and Software Design - Volume 1: BMSD, ISBN 978-989-758-032-1, pages 166-171. DOI: 10.5220/0005425601660171


in Bibtex Style

@conference{bmsd14,
author={Marc Drobek and Wasif Gilani and David Redlich and Thomas Molka and Danielle Soban},
title={On Advanced Business SimulationsConverging Operational and Strategic Levels},
booktitle={Proceedings of the Fourth International Symposium on Business Modeling and Software Design - Volume 1: BMSD,},
year={2014},
pages={166-171},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005425601660171},
isbn={978-989-758-032-1},
}


in EndNote Style

TY - CONF
JO - Proceedings of the Fourth International Symposium on Business Modeling and Software Design - Volume 1: BMSD,
TI - On Advanced Business SimulationsConverging Operational and Strategic Levels
SN - 978-989-758-032-1
AU - Drobek M.
AU - Gilani W.
AU - Redlich D.
AU - Molka T.
AU - Soban D.
PY - 2014
SP - 166
EP - 171
DO - 10.5220/0005425601660171