Question

What are the advantages of Mathematical modeling?

Answer 1

The advantages of mathematical modeling are many: Models exactly represent the real problem situations. Models help managers to take decisions faster and more accurately. They typically offer convenience and cost advantages over other means of obtaining the required information on reality.

Answer 2

Answer:

Suppose we want to study the corrosive effect of the discharge of the Mathura refinery on the Taj Mahal. We would not like to carry out experiments on the Taj Mahal directly since it may not be safe to do so. Of course, we can use a scaled down physical model, but we may need special facilities for this, which may be expensive. Here is where mathematical modelling can be of great use.

Again, suppose we want to know how many primary schools we will need after 5 years. Then, we can only solve this problem by using a mathematical model. Similarly, it is only through modelling that scientists have been able to explain the existence of so many phenomena.