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Mathematical Modeling Techniques

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Optimization Model

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A model that seeks to find the best solution from a set of alternatives, often by maximizing or minimizing an objective function. Linear programming used in resource allocation is an example.

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Static Model

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A model that does not account for time and is used to assess a system at a particular instant. An example is the calculation of stress on a beam in civil engineering.

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Graphical Model

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A probabilistic model for which a graph expresses the conditional dependency structure between random variables. Bayesian networks in machine learning are a typical application.

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Continuous Model

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A model where the variables can take on an infinite number of values within a range, represented by integrals and differential equations. Fluid dynamics often relies on continuous models.

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Statistical Model

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A representation of a system that is informed by statistical methods, where the model parameters are estimated from data. An application is the use of Markov Chain models in predicting weather patterns.

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Nonlinear Model

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A model where the relationship between variables is not proportional and may involve exponents or other nonlinear functions. For example, modeling the spread of epidemics often uses nonlinear differential equations.

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Agent-based Model

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A computational model for simulating the actions and interactions of autonomous agents with a view to assessing their effects on the system as a whole. An example is simulating traffic flow in an urban environment.

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Deterministic Model

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A model where outcomes are precisely determined through known relationships without any randomness. For example, predicting planetary motion using Newton's laws of motion.

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Discrete Model

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A model that is defined for distinct and separate values, often using summation or recursive relations. An example is the Fibonacci sequence used in computer algorithms.

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Simulation Model

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A model used to imitate the operation of a real-world process or system over time. For example, Monte Carlo simulations are used in finance to model the probability of different outcomes for an uncertain event.

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Analytical Model

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A mathematical model that has a closed-form solution, meaning that it can be solved analytically. Solving traffic flow at an intersection using the kinematic wave model is an example.

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Dynamic Model

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This type of model represents processes that change over time, using differential or difference equations. A common application is in population dynamics, such as the predator-prey model described by the Lotka-Volterra equations.

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Linear Model

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A model where the relationship between variables is proportional and can be represented by linear equations. For instance, linear regression is used to predict sales based on advertising spend.

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Compartmental Model

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In epidemiology, this model divides the population into compartments with assumptions about the rates of change between compartments. The SIR model for the spread of infectious diseases is a well-known application.

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Stochastic Model

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A model that incorporates random variables and processes to describe systems that are inherently uncertain. An example is the pricing of stock options using the Black-Scholes model.

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