Different areas of modelling and Simulation techniques?
Ans. The major area includes Pre-processing of large statistical information; Statistical model(s) and analyses; linear and non-linear optimization including multi-objective criterion, Econometric systems; Time Series analyses (Univariate and Multivariate), CPM/PERT based Project Management including project simulation, Neural network based forecasting systems, besides System Dynamics. Each of the above area are specific to a situation and the pre-requisite for each one is to be known before developing a theoretical mathematical models as well as interpreting output(s)/results.
