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Information in the operations research process
Authors:Steen Hildebrandt
Institution:The Århus School of Economics, Århus, Denmark
Abstract:The article deals with information in the OR process. The value of an ‘optimal’ model solution which is not implemented is not very high. Many errors are due to a too narrow formulation of the problem, often a formulation which has focused on purely technical and economic aspects, or a formulation which has been adapted for a standard model. The concepts and models treated in the article take their point of departure in the actual problem. The models can be used as a frame of reference by various individuals and groups which are involved in OR work.
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