The application of statistics is important in all human endeavors
where numerical information is handled, and especially where the data are of variable nature. Statistical procedures and results are applied at all stages
of the processing of data. Statistics is
applied in accounting, management, auditing, administration, planning,
medicine, agriculture, research, and so on.
During data collection, statistics help in identifying the most
efficient methods to use. Owing to the importance of statistical data and results,
care has to be taken in collecting and analyzing data to get accurate and
reliable results. It’s important to realize that when statistical data are
analyzed manually, the results may be poor, inaccurate, and misleading.
The recent widespread use of computer applications in data
collection and analysis has had a tremendous impact on statistical and business
research. The computer has reduced the laborious manual data collection and
calculations. Computer can perform more calculations faster — and far more
accurately — than humans. Through the efficient use of computer software,
statisticians, researchers, and analysts can now focus more on improving the
quality of raw data and interpreting the results.
There are many computer programs available that perform most of
the descriptive and inferential statistical analysis but TORA Software offers
the capabilities to run operations research algorithms.
In recent times, there has been an increasing need for the results
of operations research for effective business management when it comes to
efficient service delivery, profit
maximization, and cost minimization.
The operation research analysis is very tedious work. TORA Software, therefore, relieves one from
the burden that characterizes operations research algorithms.
Tora Software
TORA Software for Windows is a computer application software solution for statistical computation and analysis. It is a program or suite
of programs written for statistical analysis. It is basically used for
Operations Research (OR) analysis. TORA Optimization Window is a graphical user
interface (GUI). This makes it unique from other statistical packages that have
spreadsheets windows. It has an input grid edited much like spreadsheets, but
the numbers of rows and columns depend on settings.
Screen Display
TORA has automated screen display settings of 800 X 600 and 1024 X
768 pixels. The second setting is recommended because it produces a more
proportionate layout of the screen.
Uses of Tora Software Optimization Window
TORA is statistical software used basically for Operations
Research (Quantitative Analysis). The system is used for computation and
analysis of many topics in Operations Research, OR:
TORA software offers modules for
- Matrix inversion,
- Solution of simultaneous linear equations,
- Linear programming,
- Transportation models,
- Network models,
- Project planning with CPM and PERT,
- Queuing analysis, and
- Game sum theory.
Automated Mode: The automated mode reports the final solution to
the problem, usually in the standard format as in the case of commercial
applications.
Tutorial Mode: The tutorial mode has unique features that provide
immediate feedback to ensure the user understands of the computation process
and details of each algorithm. TORA is executed in a logical and unambiguous
manner, essentially eliminating the need for a user’s manual.
Excel spreadsheet templates, which complement TORA modules can
also be used to run operations research analysis. The templates are linear
programming, dynamic programming, simulation, nonlinear models, analytical
hierarchy process (AHP), and Poisson queues models. Some of the templates are
direct spreadsheets.
Advantages of Using Tora Software
TORA Optimization System is Windows-based software designed for
use with many of the techniques illustrated in this article.
1. The tool can be used to solve problems in a tutorial mode or
automated mode. The tutorial mode is very useful as it allows the user to have
full concentration on the main concepts of the algorithms while relieving the
user of the burden of the tedious computations that generally characterize the Operations Research (OR) algorithm.
2. TORA is totally self-contained in the sense that all the
instructions are represented by menus, commands buttons, check boxes, and the
likes, and does not require integration of other third-party software to
execute a project.
3. Tora software system is user-friendly and does not require a
user manual.
4. TORA is fast in calculations and analysis. TORA can perform in seconds, computations and analysis of data that could take hours to compute or
analyze manually.
4. As a computer program, if fed with correct data and appropriate
commands given, the results will be accurate and reliable.
5. TORA has an existing data file that contains a set of data that
the user can read from if one does not want to enter a new set of data.
Now that you have known the uses of Tora, click on the link to learn how to use Tora software for statistical analysis (a step-by-step guide)