Of Mathematical Modeling: Ideas, Met...: Principles

: Solving the equations using analytical methods or computational simulations.

These assume the same input will always produce the same output. They are common in physics and engineering. Principles Of Mathematical Modeling: Ideas, Met...

: Running thousands of "what-if" scenarios to find a probability distribution. Optimization Models : Solving the equations using analytical methods or

: A model should be as simple as possible but as detailed as necessary. Principles Of Mathematical Modeling: Ideas, Met...