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This stream is concerned with the use of OR and Analytics to address strategic issues or contribute to strategic planning in organisations.

We are interested in contributing to the discussion on how to apply and embed OR and Analytics in strategic decisions such as one-off large investments, annual strategic planning cycles, supporting strategic analysis and evaluating risk and uncertainty at a strategic level. Anyone interested in these or similar topics should attend this stream.

Panel session:
Can scenarios be useful in, or in predicting, events such as COVID-19?
For many years, scenarios have been considered useful when managing uncertainty, a reputation established by Shell successfully predicting the Oil Crisis. Today scenarios are a thriving field, with many scholars offering different perspectives on scenario-development methods. COVID-19 is a historical event in the modern era similar to the Oil Crisis. Can scenarios, as a field, benefit from this situation as before?

The expert panel will address two questions before opening the discussion to participants.
Question 1: What is the role of scenarios developed in events like COVID-19?
Question 2: Can scenarios predict events like COVID-19?

George Wright,
Strathclyde Business School
George Wright is the Editor of the journal Futures and Foresight Science.

James Derbyshire,
Middlesex University Business School
James Derbyshire proposed an ‘antifragile’ methodology that complements scenario planning by omitting causation.

John Morecroft,
London Business School
John Morecroft develops scenarios using System Dynamics methodology based on representing feedback structures to simulate the long-term dynamics of systems.

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