How to Correctly Estimate the Weight of an Ox

Sir Francis Galton (born 1828) was posed with the exact same challenge when a county fair came to town. He and all the other fair attendees were given the opportunity to win a prize by correctly estimating the weight of an ox.

Mathematics, Game Theory and Expert Models

Game Theory is a field of mathematics that attempts to create tools to help people make better decisions. But what does making better decisions mean? In some cases the answer is quite simple.

Monte Carlo or Bust?

This technique of running many simulations is known as the Monte Carlo method, a category of modelling techniques that has and is gaining currency in many different areas, particularly with increases in computational capability.

Risk Ranking of Food Safety Hazards

Risk ranking is a technique that can be used to identify the most significant risks, thereby prioritising them in a given situation to enable efficient and effective management decision making.

Sequencing techniques can shape the future of food safety

From a consumer health perspective, it’s vital that we can be sure the foods we eat are safe and are not going to make us ill. Microbial testing is one of the core components of QC in a food production environment to ensure there are no harmful bugs are slipping through into the final product.

Modelling your financial product risk of contaminated products

In highly competitive industries, improved understanding of the financial exposure risk profile from being associated with contaminated products in the market is increasingly important. By using data organised in structured data sets and through the application of science-based mathematical models, Creme Global quantifies detailed risk profiles that can simplify risk management decisions and mitigate financial risk.