Business Economics and Operations
Companies develop their activities within and economic environment which can differ considerably from countries. A company must forecast the economic environment on which it will thrive and which could be the performances of governments and other institutions depending their evolution. As is true in a globalized economy, are the synchronized stages of expansion and economic crisis as the decoupling among them.
The Operations Division conducts researches and instruction in decision making through optimization, modeling, and management of uncertainty, and in all aspects of operations in business.
Models are used to support decision making, to measure and manage, and to improve understanding of production and business practices. Application areas in which the division has special experience include the management of logistics, distribution and supply chain, revenues, network of resources, and service systems the derivatives and risk management.
New technologies have become essential for the daily operations and growth of companies, working as an element that differentiates and generates higher productivity as well as added value for customers and suppliers and as indispensable support for decision-making.
Nowadays, the management of performance efficiency of a company relies on technologies of Corporate Performance Management, which are a synthesis of managerial information systems based in Business Intelligence and models for administration of performance in a Balance Scorecard.