OPTIMIZING DECISIONS IN A COMPLEX WORLD
Remsoft develops commercial software for advanced analytics and has 16 years of experience in developing industry-leading software for managing scarce resources and complex situations.
Our software suite enables our clients to make decisions that meet critical objectives and ensure that all business, regulatory, budgetary and other constraints are met.
Our optimizing technologies allow tradeoff and scenario analysis across asset classes, and offer a strategic approach to investment planning and program development.
Outcomes include:
A proposed strategy (schedule of actions) to allow you to meet your objectives, while allowing for any operational constraints you may have.
The optimal solution for maximizing net revenue, product mix, allocation of resources (people, equipment, activities) – across all asset classes.
Reports on all aspects of the plan – costs, revenues, volumes, etc. – providing complete transparency into the process, managing risk and driving accountability.
Scenario and trade-off analyses to help identify areas of sensitivity or weakness, and explore different policy alternatives.
The software is already applied worldwide to a range of different challenges including:
- Resource allocation and wood products flow optimization
- Optimizing budgets and resources for maintaining highways and bridges
- Carbon sequestration and carbon credit exchange
- Valuation and investment planning
The software uses your data, goals and objectives to develop sustainable action plans, explore policy, and conduct tradeoff analyses in order to improve decision making. It offers a range of analysis tools including optimization, simulation, binary search, Monte Carlo analyses, a range of heuristics, mapping, graphing and a host of reporting functions to improve planning and decision-making.
New opportunities
With the technology proven in a number of different sectors, we are now actively growing Remsoft in new areas. As part of our strategy, we are exploring the widest possible range of sectors in order to identify just a few that may be a good fit for Remsoft.
Currently we are exploring areas of opportunity that are well suited to what we do – not every planning and decision making issue is well suited to the Remsoft Planning System, but many are.
We are identifying situations where there is a great deal of complexity and value at risk, and where a technological solution might help someone find a better path, offer significant financial savings or result in some other benefit of real value.
What is it?
• Commercial software. Decision-support and decision-guidance software aimed at identifying the best and most profitable strategies and action plans for your enterprise.
• Extendable: A range of options and applications for use by everyone from the “power user” to the regional analyst level, and right through to broadly based "business level" users.
• A highly efficient and cost effective means of allocating funds amongst the valued and competing needs of a network of assets.
• A strategic approach to investment planning and program development that includes the capability to demonstrate sustainable management over the long-term.
• A method for making better, more informed decisions by identifying the appropriate timing for applying the most effective and economical treatment to assets, thus minimizing the life-cycle cost of the asset over time.
Suitable for: Multiple asset classes - Infrastructure, assets or resources to be optimally maintained over time, where:
• Many alternate actions may be performed on any or all of the assets – which change the condition of the asset
• Many choices for which actions to perform
• Complexity and interactions among actions and assets
• High values at risk
TYPES OF SCENARIOS BEST SUITED FOR OUR SOFTWARE
We use five key questions that we ask people about their business. These are typically the types of planning challenges best suited to Remsoft software, and they can be structured to fit the following format:
• What do you have (what are your assets)
- People, equipment, parts, vehicles, buildings
• What do you do (what actions do you perform)
- Paint, scrape, inspect, schedule, repair, replace, buy, sell
• How does each asset class change over time and as a result of use?
- Tires wear, aircraft and parts decrease in safety and value as a result of use (maintenance activities increase the value and safety of the asset), etc.
• What are you interested in (what are your outputs)
- Revenue, expenses, quality, volume, contractual obligations, regulatory requirements, staffing levels, etc.
• What are your objectives and constraints
- Maximize net revenue; minimize maintenance costs subject to meeting minimum safety standards; minimize internal staffing levels subject to non-declining revenue.
We can help.
If you are interested in finding out how Remsoft Analytics can help your decision making process we would love to talk with you. Please contact us - 1 800 792 9468
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