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13 March, 18:35

Analyze the benefits and the problems posed by the four approaches to the implementation of resource management policies: control theory, machine learning, utility-based, and market-oriented

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  1. 13 March, 20:46
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    Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.

    1. Control theory:

    Benefit - it can analyse linear and non linear systems, single or multiple systems.

    Problem - It is complex and requires multiple computations

    2. Machine learning Theory:

    Benefit - It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks

    Problem - It requires a complex to understand and need trained professional to operate it.

    3. Utility-based method:

    Benefit - It gives urgency to tasks, it gives users better satisfaction.

    Problem - the tasks needs to be carried out continuously

    4. Market-oriented method:

    Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.

    Problem - requires a professional.
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