Posted in Operations and Supply Chain Terms, Total Reads: 865
Definition: Lanchester Equations
Lanchester Equations captures the relative attrition of the two forces. The same had been shown by a set of differential equations.
Suppose A and B are two entities that are depleting against each other than the rate of depletion is not simply equal to the consumption rate but to a certain factor corresponding to each of them .The following is a mathematical representation of the same.
dA/dt = -βB
dB/dt = -αA
Brief history-Lanchester in UK devised aformula near the First World War when there was an assumption that the number of soldiers left after a war would be equal to the difference of the soldiers.