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2009:03Fuzzy Decision Making Using Max Min Method and Minimization Of Regret Method(MMR) Muhammad Kiddie(720301P254)Thesis for the degree Master of Science (two years) in Mathematical Modelling and
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Challenges of using modelling include the complexity of models, potential inaccuracies in data, difficulty in interpreting results, and the need for specialized knowledge to develop and validate models.
Entities or individuals who utilize modelling in their operations, particularly in regulatory and compliance contexts, are typically required to file challenges of using modelling.
To fill out challenges of using modelling, one should gather relevant data, follow the specific guidelines set by the regulatory authority, and provide detailed explanations of the modelling processes, assumptions, and results.
The purpose of challenges of using modelling is to ensure transparency, accuracy, and accountability in the use of models, and to identify and address any potential errors or biases.
Information that must be reported includes the model's objectives, methodologies, assumptions, data sources, results, and any limitations or uncertainties associated with the model.
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