Study Document
Problem Solving With Abstract Models Thesis
Pages:1 (323 words)
Sources:2
Document Type:Thesis
Document:#66021735
Calculating the cost of capital based on known rates is one example of a situation where a deterministic model could be utilized; the certainty of the figures involved lends the issue to a straightforward calculation. Probability models can project future events in degrees of uncertainty; forecasting future interest rates based on past changes and projected changes would be an effective use of a probability model as the output's certainty can be quantified despite coming from uncertain input. Simulation models are better suited to situations where information is not so easily quantified. Human behavior, for instance, is much better modeled by simulations; enactments of hypothetical workplace situations can effectively educate and prepare individuals for eventualities. When highly specific individuals and situations are involved, discipline-specific models are best suited.
References
Business Dictionary. (2009). Accessed 30 July 2009. http://www.businessdictionary.com/
Frontline Systems. (2009). "Simulation models." Accessed 30 July 2009. http://www.solver.com/simulation/simulation-model.htm
Yale. (1998). "Statistical modeling." Accessed 30 July 2009. http://www.stat.yale.edu/Courses/1997-98/101/probint.htm
Sample Source(s) Used
References
Business Dictionary. (2009). Accessed 30 July 2009. http://www.businessdictionary.com/
Frontline Systems. (2009). "Simulation models." Accessed 30 July 2009. http://www.solver.com/simulation/simulation-model.htm
Yale. (1998). "Statistical modeling." Accessed 30 July 2009. http://www.stat.yale.edu/Courses/1997-98/101/probint.htm
Related Documents
Study Document
How Teacher Gestures Affect Student Problem Solving
Teacher Gestures Affect Student Problem Solving Learning is a process of brain development and change that is caused by diverse factors contributing to the learning experience of humans. Such includes mechanisms like speech and gestures. This paper aims to study and provide information on the role of gesture mechanism in the learning process of students. From written articles and previous studies, this paper aims to gather and analyze data on how
Study Document
Policing Community- and Problem-Oriented Policing Have Risen
Policing Community- and problem-oriented policing have risen as the most important mediums for improving the efficiency of police efforts in communities and as ways of reformation of police organizations. Community-oriented Policing Community-oriented policing has turned out to the symbol of police in America. In every area of the United States, community policing has emerged as an adaptive style of policing. It is considered as a powerful organizing vehicle for the public protection.
Study Document
Framework of Implementing the Z. Mathematical Model to a Sixth Grade Class...
Nature of the ProblemPurpose of the ProjectBackground and Significance of the Problem
Brain Development
Specific Activities to engage students
Data-Driven Instruction
Community Component of Education
Research QuestionsDefinition of TermsMethodology and Procedures
Discussion & ImplicationsConclusions & Application
ntroduction
The goal of present-day educational reformers is to produce students with "higher-order skills" who are able to think independently about the unfamiliar problems they will
Study Document
Principal-Agent Model in Economics and Political Science
Principal-Agent Model in Economics and Political Science The international political perspectives of free trade A Global Analysis International Trade Impact on Tunisia The Export of agricultural products International trade and development of Tunisia Balance in the Trade Regime Imports and exports of Tunisia Exports Imports Coping With External and Internal Pressures The Common External Tariff (CET) Safeguard Measures Anti-Dumping Duties (ADDs) and Countervailing Duties (CVDs) Rules of origin The New Commercial Policy Instrument Sector Based Aspects GATT/WTO's Main Principles Non-discriminatory trade Multilateral negotiation and free trade The Trading Policies
Study Document
Centralization Structure of the Model and Its
Centralization Structure of the Model and its Operationalization The Model In the wake of a highly volatile economy, organizations must find ways to improve their bottom lines and profitability through new and innovative means. Many businesses realize that one of the most important assets that they possess is intellectual capital in the form of intellectual assets and human capital. As businesses struggle to revitalize their assets and assess their value, they are
Study Document
Learning Theories Abstract, Learned Phenomena
Apa.org). Critical thinking input: Good teachers that truly understand how distracted today's young people are (with technology, etc.) learn how to get the most out of students by combining proven strategies of engagement with scholarship challenges that are both entertaining and compelling to their active minds. B.F. Skinner Historical views of transfer. When something is said to you and it reminds you (without you having to conjure up memories) instantly of something from