DRAFT Model Brokerage: Concepts & A Proposal
Name
esd-wp-2015-08.pdf
Size
790.85 KB
Format
Adobe PDF
Checksum (MD5)
2359f574f658a79826adb6eda59622dc
Author(s)
Hartzband, David
Date Issued
June 2015
Publisher
Massachusetts Institute of Technology. Engineering Systems Division
Series/Report no.
ESD Working Papers;ESD-WP-2015-08
Abstract
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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