Telesis "...an ancient Greek word signifying the achievement of a steady progress towards an objective through careful planning & the intelligent use of resources"
The Seel-Telesis® Program is a decision support program for enterprises designed to assist management select the lowet cost pathways to higher overall performance. It is a simulation system enabling managers to "play through" decision options.
Bottom up
Seel-Telesis® is a specific application of a Structural Production Function and it makes use of all of the factors so far identified under an SPF. The main distinction between general SPFs and the Seel-Telesis® Program is that this program is essentially bottom up and makes use of enterprise information. In other words the program can integrate all of the different activities in a company into a coherent corporate model.
Ability to integrate enterprise models
By continuing the process of integration of economic units in a sector, or economy, the system can create an seamless sector, regional or macroeconomic model. Because use is made of production functions relating all factors snd process capacity utilization, simulations can be used to generate costs and cash flows which are able to simulate input-output behaviour on the basis of realistic functional relationships. This is quite distinct from the conventional input-output models.
Corporate decision support
In running simulations the program calculates the returns to factors in the production system which are identified as limiting (constraints) and thereby identifies where changes can be introduced to take advantage of those areas where the potential returns are highest.
Before taking decisions on introducing changes suggested management can simulate the whole system with the proposed investment modifications in place.
State of the art technology
It is possible for a simulation to point to modifications in technology which do not exist in the current state of the art technology. For many processes which handle physical manipulations and conversions this either means designing and developing a new technology or repeating the simulation making use of the most appropriate sstate of the art technology which can approximate tht ideal. Optimization techniques can be applied to ensure state of the art technology comes up with the best solutions.
Locational State Methodology
SEEL has developed an analytical technique based on Locational-State Theory. Locational State Theory is an evolution from a simpler technique known as Locational State Methodology (LSM) which is a structured approach to the identification of the precise data and information required to improve the quality of a specific decision. Through decision analysis, the LSM can assist managers better define information on the basis of its potential contribution to performance. The same process can be used by systems developers to measure the potential economic and financial gains from better information quality. A benefit of better quality information is more representative or realistic simulation outputs. The process of refining data and information collection to improve predictability can also help identify any weaknesses in the corporate analytical model being applied. This is a normal part of the decision analysis learning cycle. In this way knowledge of cause and effect relationships is refined. LSM provides an effective means to minimize the costs of arriving at adequately analysed, and by implication, lower risk decisions. It also provides a basis for minimizing the costs of design and implementation of data and information systems used to access critical information. LSM therefore provides two essential economic foci:
identification of decision options with the highest-likelihood of maximizing performance impacts using such information
identification of the techniques with the highest-likelihood of minimizing the cost of obtaining such information
In the case of the Seel-Telesis® Program, this approach to information systems design and investment is structured to:
maximise the returns of investment in information and decision support systems for a company
identify where critical information quality needs to be improved
These two components produce results which can be ranked in terms of costs and return to the company. Seel-Telesis® simulations identify the lowest cost pathway (option) to highest return (impact).
Seel-Telesis® was first prototyped in 1990 and is currently undergoing a major update (third quarter 2007). The new version should be released as an online system early 2008.
