Significance of Numerical Methods
Significance of Numerical Methods
formulated so that they can be solved with arithmetic operations. While numerical
methods can be divided into many types, all of them have one thing in common: a
large quantity of long arithmetic calculations.
Apart from numerical methods, the other two methods of problem solving
are analytical methods and graphical methods. The latter isn't useful since it isn't
precise due to the drawing of graphs using hands. This also makes the process
tedious. Another limitation is its viability for problems involving three or lesser
dimensions. Usage of analytical methods can give one insight into the behavior
and characteristics of a particular system. Unfortunately, they can only be used for
systems which can be approximated through use of linear models. Since practical
problems consist of complex and nonlinear processes, the use of analytical
methods isn't adequate.
Historically, analytical and graphical methods were preferred due to the time
consuming nature of numerical methods highlighted above. Multiple arithmetic
operations consumed a lot of time since the only tools in hand were slide rules,
calculators and paper and pencil. The number of operations also increased the
chance of a wrong outcome due to a human blunder.
Sensitivity Analysis:
Implementation of computational numerical methods allows one to test the
system for different inputs in order to determine the sensitivity of the system.
Tasks which tend to be quite common to be solved using numerical methods are:
Finding roots
Solving linear equations
Numerical Interpolation
Calculus