Thursday, 20 April 2017

Tools for Planning

Tools for planning:
•        Creativity
•        Systems Approach
•        Sensitivity Analysis
•        Modelling

Creativity:
•        Ability to generate number of ideas rapidly.
•        Ability to change quickly from one frame of reference to another.
•        Originality in interpreting an event and generating different views on the situation.
•        Ability to handle with clarity and ease a complex relationship of various factors in a given situation.
Systems approach:
•        It uses all the areas and branches of knowledge.
•        It follows a scientific analysis to identify the problem.
•        It uses a model of complex situation to handle the problem.
•        It weighs cost against benefit for assessment of alternatives.
•        It deals with problems where time context is futuristic.
•        It considers the environment and its impact on the problem situation.
•        Every solution is tested on the grounds of rationality and feasibility and accepts a given criterion for selection of most preferred alternatives.
•        It uses operation research models if the problem is well defined.
Sensitivity analysis:
•        It helps to test validity of the solution in variable condition.
•        The problem situation is handled with certain assumptions and conditions.
•        If various factors are involved, the sensitivity analysis helps to assess the criticality of the factor against the impact it make on that solution.
•        The sensitivity analysis helps to test the validity of the optimal solution under changed conditions.
•         The sensitivity analysis helps to test the solution on the principal of utility.
Modeling:
•        A model is meaningful representation of a real situation on a mini scale, where only the significant factors of the situations are highlighted.
•        There are several types of models
•        Physical: house, park, or a sport complex.
•        Mathematical: break even analysis, linear programming, queuing, network.
•        A complex situation is represented using variables, constants and parameters which play significant role in that situation.

•        A model could be static of dynamic.

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