While network optimization can be very detailed with, Ask an Expert

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While Network optimization can be very detailed with sophisticated mathematics, sometimes working to get 100% precision and accuracy does not have a financial payoff due to:

1- the effort to move from 80% accuracy to 100%accuracy always decreases

2-the segment of the supply chain where you are Chasing the details, does not have a significant impact in the overall model

3-all good modeling software always have a tool to estimate the values you need for the model

4-there is always a shortcut Available to save time and model the data with selected Value

5- you can never get the model to 100% accuracy

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92280035

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