once said that "all models are wrong... some models
are useful". That sage advice is always in the
back of our minds when we are developing decision support
models for clients. Models need to be correct, but often
they are too detailed which adds expense and loses sight
of the original intention.
aim is to design models which enable critical scenario
and sensitivity analysis to be performed, such that
clients can quickly gain an understanding on the bounds
of certain decision-points, and what factors need to
change in order for the decision to change.
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