DDS MODELS
1. BEHAVIOURAL MODELS : these models are useful in understanding the behaviour amongst the business variables. The decision maker can then make decision giving due regards to such behavioural relationship. Examples :
- REGRESSION MODELS
- TIME SERIES ANALYSIS
- MARKET RESEARCH METHODS
- RATIO ANALYSIS
2. MANAGEMENT SCIENCE MODELS: These models are developed on the principles of business management,the proven methods of management control are available which can be used for the management decision. Examples :
- BUDGETING MODEL
- BREAK-EVEN ANALYSIS MODEL
- RETURN ON INVESTMENT MODEL
- MODEL FOR CASH BUDGETING
- COST ACCOUNTING SYSTEMS
3. OPERATIONAL RESEARCH MODELS: These models are mathematical models. They represent a real life problem situation in terms of the variables, constants and parameters expressed in algebraic equations. Examples:
- LINEAR PROGRAMMING MODEL
- INVENTORY CONTROL MODELS
- A-B-C ANALYSIS
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