Business Process and Performance Indicator Simulation for Business Intelligence

Companies are nowadays controlled by a mass of business figures. These business figures build a system and are typically dependent upon restrictions that arise from balance equations. The introduction of uncertainty within these figures dismisses standard mathematical formulations. Uncertainty is imposed by forecasting or estimation, but also by evaluation of stochastic process. This article gives an brief overview of discrete event simulation on the one hand and stochastic business figure controlling on the other hand. Hereby two different simulation methods are presented that are both essential for Business Intelligence to control a business efficiently.