ArrowHead's Strategic Economic Analysis training course is your indispensable resource for mastering the art of economic analysis the art of economic analysis, the science of economic thinking, and the strategic implications of both. As market dynamics, policies, and global events constantly reshape business environments, this course teaches you to navigate the complexities with confidence.
This module takes you into the fundamental factors driving economic decisions, emphasizing the primacy of price. Additionally, we'll examine the intricate dynamics of networks and supply chains, providing you with essential insights to excel in this field.
Here, we will dissect the critical components of economic modeling within distributed supply chains and networks. This module will take you through a comprehensive exploration of various economic scenarios, from the simplest one-to-one supply and demand relationships to complex dynamics involving competing supplies, demands, and multiple sources and uses, as well as a look into the potential pitfalls of aggregation in economic modeling.
In this module, we'll focus on "What If?" analysis, exploring comparative statics. For example, ponder the dynamics of a market with six competing supplies vying to serve a single market. We teach you to think about who or what sets the price? Who provides a positive amount to the market? Who provides zero to the market. Who is the marginal source of supply, and what does that even mean? What if a lower cost competitor enters? What if a higher cost competitor enters? What if a regulator subsidizes one or more of the competing suppliers? This gives you the skills necessary for effective economic modeling in complex supply chain environments.
This module dives into microeconomic models of agents, encompassing a diverse range of components such as depletable resources, processing variations, transportation, storage, and consumer behaviors, including multi-attribute considerations. Furthermore, we will examine the nuances of environmental economics, including emissions taxes, cap and trade systems, mandates, and emission accounting.
This module critically evaluates and compares our approach, namely fundamental, textbook economics, to alternative methods, including linear optimization, nonlinear optimization, complementarity analysis, statistical extrapolation of historical data, and systems dynamics. By the end of this course, you'll gain a clear understanding of why our approach stands out as an effective tool for addressing the complexities of economic modeling in distributed supply chains and networks.
Knowledge of strategic economic analysis enables your team to make informed decisions regarding pricing, resource allocation, expansion strategies, and risk management, ultimately leading to more effective and sustainable business outcomes. Ready to start?
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Major Integrated Multinational Oil Company
What is Strategic Economic Analysis?
Strategic Economic Analysis involves assessing aspects like market conditions, competition, consumer behavior, and government policies to make informed strategic choices in areas such as pricing, product development, and market expansion.
How do I turn theory into practice?
An understanding of Strategic Economic Analysis can be applied practically by enabling businesses to make informed decisions about resource allocation, market entry, risk management, and performance evaluation, all geared toward maximizing profits, minimizing risks, and achieving long-term strategic objectives.
Do I have the credentials to grasp these concepts?
Absolutely! we make complex theory into simple, actionable, easy-to-digest concepts that your team can leverage daily. That's right, there are no prerequisites, just clean, actionable concepts.
Meet Your Professor
Dr. Dale Nesbitt
With over four decades of experience in economic modeling, probability modeling, decision analysis, and research, as well as an educator, Dr. Dale Nesbitt has left an indelible mark on each. He has led ArrowHead (and his predecessor companies) to numerous successful economic modeling, decision analysis, probabilistic modeling, and ethics engagements, creating billions of dollars worth of value. He has been teaching as an Adjunct Lecturer at Stanford (Management Science and Engineering), and he now brings his expertise directly to you and your team.