Are there any known limitations or biases in this model?
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Yes, limitations include:
- Simplified assumptions: Fixed supply, demand, and linear costs may not reflect reality.
- Scalability issues: Large networks can be computationally intensive.
- Dynamic factors: Struggles with real-time changes or uncertainties.
- Bias: Relies on accurate, unbiased input data.
Yes, there are several known limitations and biases that can affect optimization models, including those used for network efficiency and flow problems. These limitations arise from assumptions made during the formulation of the model, the data used, and the techniques employed.