Miscalculate

To estimate or calculate incorrectly; to arrive at a wrong or inaccurate conclusion based on faulty or incomplete information. This can involve errors in arithmetic, judgment, or forecasting, leading to undesirable or unforeseen outcomes. The scope of a miscalculation can vary widely, from minor financial errors to disastrous strategic blunders. It implies a failure to correctly assess a situation, a process, or a set of data, often resulting in a deviation from the intended goal or expected result. The consequences of a miscalculation can range from inconsequential to profoundly significant, impacting personal finances, business ventures, or even geopolitical stability. It highlights the fallibility of human reasoning and the importance of careful consideration and thorough analysis before making decisions.

Miscalculate meaning with examples

• The company's disastrous quarterly report was largely attributed to the CEO's severe miscalculation of consumer demand. He significantly underestimated the impact of the new competitor and overestimated their own product's appeal. This oversight led to massive inventory surpluses, plummeted stock prices, and a scramble to implement costly damage control strategies to try and salvage the situation. The board has now called for a new CEO who understands consumer behaviour and is not afraid to admit his mistakes.
• During the war games, the general's strategy was based on a miscalculation of the enemy's logistical capabilities. He wrongly assumed that the enemy forces would be quickly overwhelmed. He failed to account for the enemy's reserves, which led to a prolonged campaign and heavy casualties for his own troops. His overconfidence and inaccurate intelligence contributed to an unexpected stalemate. It highlighted the critical importance of intelligence gathering and accurate assessment.
• The project manager’s miscalculation of the project's timeline led to significant delays and cost overruns. He didn't factor in potential setbacks, such as inclement weather and delayed material shipments. Furthermore, he underestimated the complexity of the tasks involved. The team had to work overtime to salvage the project, leading to increased stress and decreased morale. Project schedules can be hard to calculate but this was avoidable.
• The investor's financial ruin stemmed from a miscalculation of the market's volatility. They underestimated the risk associated with the volatile investments, which subsequently resulted in a significant financial loss. Their lack of due diligence, poor financial judgement, and a failure to diversify their portfolio amplified the impact of the market downturn. This serves as a potent example of what can occur when risk is not taken into account.