International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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THE ART OF MATHEMATICAL MODELLING AND ITS ROLE IN INDUSTRY

    1 Author(s):  MANJU KUMARI

Vol -  10, Issue- 3 ,         Page(s) : 38 - 43  (2019 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Modelling is an important part of any large scale decision making process in a system. There are large numbers of factors that affect the performance of the system. It is not possible for the human brain to keep track of the all the players in the system and their interactions and interrelationships [Mathew Tom V.(2011)]2. Therefore, one resort to the techniques, which are simple and at the same time capable to reproduce all the essential and important relationships of the reality. One of the basic techniques used to achieve this aim is modelling. Modelling could be physical, symbolic or mathematical. A physical model is one in which model is a physical representation of the reality. For example, aircrafts model used in wind tunnel or to be simpler, a globe which represents physical features of earth is the example of physical models.

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