Explores a situation at a single ‘steady’ instant (state).
Assumes the context of the problem is unvarying – or that it can be assumed to be so for simplicity.
Takes a snapshot of the situation - everything occurs at a single interval. For eg a decision to make a certain product is static, quarterly or annual income statement is static.
Static decision making are presumed to repeat with identical conditions.
Dynamic behaviour can be represented by multiple trials of the static model at separate moments.
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