DRAFT Model Brokerage: Concepts & A Proposal
Effective & efficient utilization of models is essential for facilitating high productivity in many different types of organizations. If models could be shared across technical, temporal & organizational boundaries, much higher productivity could be realized. This would also be true if model...
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| Format: | Working Paper |
| Language: | en_US |
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Massachusetts Institute of Technology. Engineering Systems Division
2016
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| Online Access: | http://hdl.handle.net/1721.1/103028 |
| Summary: | Effective & efficient utilization of models is essential for facilitating high productivity in many different types of organizations. If models could be shared across technical, temporal & organizational boundaries, much higher productivity could be realized. This would also be true if models could be combined in effective ways.
This work presents a result from model theory showing that for complex models, a small number of axioms (true statements of the models contents) can be used as a representation of the entire model. An analogy with multivariate analysis shows that this small set of axioms can be shown to contain the majority of the information in the model.
The implication is that much simpler models could be used for descriptive & predictive analysis, making these processes easier to compute & to understand. |
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