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    Model Building

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    abassalishah
    The document discusses the application of scientific methodology to model building in operations research. It outlines the scientific method as consisting of defining a problem, gathering information, formulating hypotheses, performing experiments and collecting data, analyzing and interpreting data, and publishing results. It then describes the process of model building in operations research, which mirrors the scientific method through identifying the problem, formulating the problem mathematically, building a model of the problem, providing solutions via the model, and validating the model against real data. Model building is thus seen as directly applying the key principles and steps of the scientific methodology to solving business problems.

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    Model Building

    Uploaded by

    abassalishah
    444 views6 pages
    The document discusses the application of scientific methodology to model building in operations research. It outlines the scientific method as consisting of defining a problem, gathering information, formulating hypotheses, performing experiments and collecting data, analyzing and interpreting data, and publishing results. It then describes the process of model building in operations research, which mirrors the scientific method through identifying the problem, formulating the problem mathematically, building a model of the problem, providing solutions via the model, and validating the model against real data. Model building is thus seen as directly applying the key principles and steps of the scientific methodology to solving business problems.

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    The document discusses the application of scientific methodology to model building in operations research. It outlines the scientific method as consisting of defining a problem, gathering information, formulating hypotheses, performing experiments and collecting data, analyzing and interpreting data, and publishing results. It then describes the process of model building in operations research, which mirrors the scientific method through identifying the problem, formulating the problem mathematically, building a model of the problem, providing solutions via the model, and validating the model against real data. Model building is thus seen as directly applying the key principles and steps of the scientific methodology to solving business problems.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    444 views6 pages

    Model Building

    Uploaded by

    abassalishah
    The document discusses the application of scientific methodology to model building in operations research. It outlines the scientific method as consisting of defining a problem, gathering information, formulating hypotheses, performing experiments and collecting data, analyzing and interpreting data, and publishing results. It then describes the process of model building in operations research, which mirrors the scientific method through identifying the problem, formulating the problem mathematically, building a model of the problem, providing solutions via the model, and validating the model against real data. Model building is thus seen as directly applying the key principles and steps of the scientific methodology to solving business problems.

    Copyright:

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    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 6

    Name: - Abass Ali Shah

    Class: - MBA (1st Sem)


    Roll no. 406
    Subject: - Quantitative Techniques
    Teacher Concerned: - Prof. Iqbal
    Assignment Topic: - Scientific
    Methodology as applied to Model Building

    Scientific Methodology:-
    Scientific method refers to a body of techniques for investigating phenomena,
    acquiring new knowledge, or correcting and integrating previous knowledge. To be
    termed scientific, a method of inquiry must be based on gathering observable,
    empirical and measurable evidence subject to specific principles of reasoning. A
    scientific method consists of the collection of data through observation and
    experimentation, and the formulation and testing of hypotheses.

    The essential steps of the scientific methodology are:-

    1. Defining the problem.

    2. Gather information and resources (Observe)

    3. Form hypothesis.

    4. Perform experiment and collect data.

    5. Analyze data.

    6. Interpret data and draw conclusions.

    7. Publish Results.

    Now in case of Operations Research we use the same methodology to solve


    business problems. The main step in this is “The Model Building”.

    Model: - It is a representation containing the essential structure of some object or


    event in the real world.
    Model Building: - It is the process of converting a problem into a simple and
    understandable form.

    Process of Model Building (Application of Scientific Methodology): -

    1. Identifying the problem: - The problem is to be clearly defined and the


    conditions for further observations are determined. This is one of the
    primary properties of scientific methodology i.e. DEFINING THE
    PROBLEM.

    2. Problem Formulation: - In this step a clear and concise statement of the


    problem is developed. Most of the times the problem is formulated in
    Mathematical framework. Thus here the information is collected and
    hypothesis is formed. This is also a characteristic of scientific methods.

    3. Building of Model of problem: - In this step a decision maker abstracts the


    most relevant factors to the problem from the real life situations. Then the
    factors are combined in some logical manner so as to form a “model” of the
    problem. This step is synonymous with the actions preceding “a scientific
    experiment.”

    4. Providing solutions: - Here a model is finally solved and the solutions thus
    obtained are analyzed in the context of the problem. A solution to a model
    implies determination of a specific set of decision variables that would yield
    a desired level of output. This step represents the penultimate step of
    scientific methodology i.e. “Interpretation of output data from an
    experiment.”
    5. Model Validation: - This is the final step in the process. Here it is
    determined whether the model represents the real life situation or not.
    Usually the validity of a model is tested by comparing its performance with
    the past data available in respect of the actual system. If the model is not
    valid, then it is discarded and again a new model is built. This process goes
    on and on......

    Thus it can be easily inferred from the above steps that model building is
    completely based on scientific methodology.

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