Validity of the model - operation research model, Operation Research

Assignment Help:

Deriving the Solution from the Model: This phase is devoted to the computation of those value of decision variables that maximize or minimize the objective function. Such solution is called an optimal solution.

Validity of the Model: The model should be validated to measure its accuracy . that is in order for a model to be useful, the degree to which it actually represents the systems or problem being modelled must be established. A models valid or accurate if.

a. It contains all the objective constraints and decision variables relevant to the problem.

b. The objectives constraints and decision variable included in the model are all relevant to or actually part of the problem and

c. The functional relationship are valid.


Related Discussions:- Validity of the model - operation research model

Linear programing, Maximize6x1+8x2+5x3,st,labour3x1+4x2+5x3 =0 then brefly ...

Maximize6x1+8x2+5x3,st,labour3x1+4x2+5x3 =0 then brefly explain x1,x2,x3;term labour,metal&plastic;the160hours;x1,x2&x3>=0

Operations research as a decision-making sci, Short Define operations resea...

Short Define operations research as a decision-making science

Expected value analysis, Profitable Casino Corp. (PCC) is a Harrah's wannab...

Profitable Casino Corp. (PCC) is a Harrah's wannabe, intent on mimicking Harrah's analytical marketing techniques.  For example, PCC issues virtually all gamers a PCC "Rewards" car

Objectives of strategic management, Problem What are important objectiv...

Problem What are important objectives of strategic management and the causes for failure t of strategic management Objectives To keep pace with the changing business e

Disadvantages of mode - measure of central tendency , Disadvantages of Mode...

Disadvantages of Mode a.It is  ill defined. b.It is  indefinite  and it is  some cases impossible  to find a definite  value. c.It is not based on all observation. So  i

Carry out resource levelling for equipment resource, Teesside Construction ...

Teesside Construction is developing a schedule for a major building project to start in 04/01/2011 in Middlesbrough, UK. The project manager has identified major activities of the

Fromulation of LPP, A paper mill produces two grades of paper viz., X and ...

A paper mill produces two grades of paper viz., X and Y because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons ot grade Y paper in

Or, .A paper mill produces two grades of paper viz., X and Y. Because of ra...

.A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper

A paper mill produces two grades of paper viz., A paper mill produces two g...

A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd