Operational Research 2
Operational Research 2
SYMBOLIC MODEL
Symbolic Models or Mathematical Models: In these models the variables of a problem are
represented by mathematical symbols, letters etc. They explain all the features of the actual
object. In fact, a globe is an iconic model of the earth. These models may be of enlarged version
or reduced version.
INFORMATION THEORY
Information theory is based on probability theory and statistics, where quantified information is
usually described in terms of bits. Information theory often concerns itself with measures of
information of the distributions associated with random variables.
VALUE THEORY
Values pervade the field of operations research. Expressed as objectives, goals, criteria,
performance measures, and/or objective functions, they are necessary in theoretical operations
research models and in applications. Because of their critical role, it is useful to develop these
expressions of values from basic principles.