It makes it sound like cam design is all art and no science.
Alternatively, cams can be designed through a combination of testing and analysis tools:
1) Flow bench testing is used to come up with flow vs lift characteristics for the ports + valves
2) A performance simulation model of the engine is constructed, using software such as WAVE, which incorporates the flow information gathered through testing
3) The engine performance simulation is used to calculate valve lift profiles that will give the desired engine performance throughout the running range (fuel efficiency, power output, etc)
3) A kinematic valvetrain analysis tool, such as CAMSPRING, is used to generate candidate lift profiles that approximate the desired lift profile while providing suitable contact stresses, oil entrainment, oil film generation, etc.
4) A dynamic valvetrain analysis tool, such as VALDYN, is used to study the valvetrain dynamic performance with the candidate lift profile, and identify potential problems with separation ("float"

, seating velocity, spring surge, etc.
5) 3 & 4 are repeated iteratively until satisfactory results are achieved
6) Cam cutting ordinates for the final profile are generated, and test cams are manufactured...
The WAVE analysis by itself can tell you (with amazing precision) how changes to the lift profiles will affect engine breathing, power output, efficiency, etc. The later steps are used to make sure that your preferred cam profile will actually last as long as you need it to, and that you won't pump up your lifters, float your valves, break your springs, etc.