Category: Optimisation of problems with few alternatives
- Process & Objective: Find the best solution from a small number of alternatives
- Representative Techniques: Decision Tables & Decision Trees
Category: Optimisation via algorithm
- Process & Objective: Find the best solution from a lareg number of alternatives, using a step by step improvement process.
- Representative Techniques: Linear and other mathematical programming models, network models.
Category: Optimisation via an analytical formula
- Process & Objective: Find the best solution in one step using a formula.
- Representative Techniques: Some inventory models.
Category: Simulation
- Process & Objective: Finding a good enough solution or the best among the alternatives checked using experimentation.
- Representative Techniques: Several types of simulation.
Category: Heuristics
- Process & Objective: Find a good enough solution using rules.
- Representative Techniques: Heuristic programming, expert systems.
Category: Predictive models
- Process & Objective: Predict the future for a given scenario.
- Representative Techniques: Forecasting models, Markov analysis
Category: Other models
- Process & Objective: Solve a what if case using a formula.
- Representative Techniques: Financial modeling, waiting lines.
No comments:
Post a Comment