Tuesday, October 28, 2014

List And Describe The Major Issues in Modeling

List and describe the major issues in modeling:
  • Problem identification and environmental analysis (information collection)
  • Variable identification
    • Influence diagrams, cognitive maps
  • Forecasting/predicting
    • More information leads to better prediction
  • Multiple models: A MSS can include several models, each of which represents a different part of the decision-making problem
    • Categories of models 
  • Model management

1 comment:

  1. this point may be added:

    knowledge-based modeling: how to take advantage of human knowledge in modeling

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