Steve Roemerman, CEO of Lone Star Analysis will give a presentation on “Why Do Distributions Matter” to be held June 15, 2016 at the Lockheed Martin Mission Systems & Training in Orlando, Florida. This is the first of three Probability Management workshops, titled, “The Arithmetic of Uncertainty, A Cure for the Flaw of Averages.” The other two locations are Washington D. C. and Houston, Texas.

Lone Star Analysis is internationally recognized for its unique decision analysis support, modeling, and simulation, and a trusted provider of advisory services addressing highly complex client issues for business and technology.

Some of the topics to be discussed with include:

How to use Excel to do arithmetic with uncertainties just as you do with numbers
How to cure the Flaw of Averages, a set of systematic errors that make your project behind schedule, below projection, and beyond budget
How Chevron, Lockheed Martin, and the US Navy are building communities of practice around SIPmath
Depending on location, guest presentations will be made by pioneering organizations that may include: Autobox, Chevron, the Government Finance Officers Association, Guesstimate, Hubbard Decision Research, Lockheed Martin, Loring Ward, Microsoft, Technology Partnerz, and others.

The SIPMath standard is an open free standard managed and distributed by Probability Management as a part of its non-profit role. A version of the SIPMath specification in Java Script Object Notation (JSON) is slated to become the 4th version of the SIPMath data exchange version.

“The continued expansion of the standard will help support open interfaces across the Internet of Things (Iot), compatible with other emerging exchange standards,” Roemerman said. “Probability Management is supported by stakeholders in Health Care, Finance, and Public Policy, in addition to the Energy sector. All of these sectors need improved automation in the exchange of non-deterministic data. Web-enabled computing, including IoT, is increasingly dependent on dealing with risks and uncertainty. It is great to see the organization lead the way.”

About Lone Star Analysis

Lone Star Analysis enables customers to make insightful decisions faster than their competitors.  We are a predictive guide bridging the gap between data and action.  Prescient insights support confident decisions for customers in Oil & Gas, Transportation & Logistics, Industrial Products & Services, Aerospace & Defense, and the Public Sector.

Lone Star delivers fast time to value supporting customers planning and on-going management needs.  Utilizing our TruNavigator® software platform, Lone Star brings proven modeling tools and analysis that improve customers top line, by winning more business, and improve the bottom line, by quickly enabling operational efficiency, cost reduction, and performance improvement. Our trusted AnalyticsOSSM software solutions support our customers’ real-time predictive analytics needs when continuous operational performance optimization, cost minimization, safety improvement, and risk reduction are important.

Headquartered in Dallas, Texas, Lone Star is found on the web at http://www.Lone-Star.com

About Probability Management

Probability Management, Inc. is a 501(c) (3) non-profit that is changing the way we think about uncertainty through standards, best practices and education. Its board of directors includes Nobel Laureate in Economics, Harry Markowitz. Its sponsors include Chevron Corporation, General Electric, Lockheed Martin, Wells Fargo Bank, Lone Star Analysis, Computer Law LLC, Loring Ward, Hubbard Decision Research and the Foundation for Creative Dispute Resolution. Executive Director Sam L. Savage is author of The Flaw of Averages: Why we Underestimate Risk in the Face of Uncertainty, and is a Consulting Professor at Stanford University. To learn more visit ProbabilityManagement.org.