Question: List and describe the major issues in modeling
List and describe the major issues in modeling.
Relevant QuestionsWhat are the current trends in modeling?How can decision-making problems under assumed risk be handled?List some difficulties that may arise when analyzing multiple goals.Explain the differences between static and dynamic models. How can one evolve into the other?What is the difference between decision analysis with a single goal and decision analysis with multiple goals (i.e., criteria)? Explain in detail the difficulties that may arise when analyzing multiple goals.
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