Studies of the process of model formulation by experts have shown the process to be an iterative one, in which the model is continuously refined until a complete and consistent representation emerges. It is also a highly unstable activity as the problem specifications, including the goal, may...

India is fast emerging economy in Asia and world. India's manufacturing sector is growing faster and domestic demand is also increasing. India has a severe electricity shortage. It needs massive additions in capacity to meet the demand of its rapidly growing economy. To maintain the pace of...