Construction of OR Model: 4 Main Steps | Project Management

This article throws light upon the four main steps involved in the construction of OR model. The steps are: 1. Selecting Components of the System 2. Pertinence of Components 3. Combining the Components 4. Substituting Symbols. Step # 1. Selecting Components of the System: All the components of the system which contribute towards the effectiveness measure of the system should [...]