MNS 407 Week 2 - Week2assignment 1 ,graphical, components.

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Week 2 assignment 1. A model is a mathematical, graphical, verbal or physical representation of a concept,  system and the purpose of a model is to facilitate understanding by avoiding unnecessary  components. An example of a model I see everything is a diagram of how energy is  produce from solar panels.  2. Models based on their abstract are: mental models, verbal models, mathematical models,  analog models and iconic models. Some examples are 3. The primary advantages of a mathematical model are that you are able to work equations  and numbers versus words. For example, if one or more objectives functions are  represented with a nonlinear equation then the model would be considered nonlinear. 4. The components of management science also know as variables are dependent variables  and independent variables, which also includes the decision and the exogenous variables. 
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  • Spring '14
  • Work study, WI, Exogenous variables, Total cash C=

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