Uses of Tora Software

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Alt: = "Tora software output screen"


Introduction

Statistics in the modern world have an application in any situation in which numerical information is handled, and especially where the data are in variable nature. Statistics is applied in accounting, management, auditing, administration, planning, medicine, research etc. Statistical results and procedures are used at all stages of the processing of data. 

When the data is to be collected, statistics help in identifying the most efficient methods to use. Due to the increasing need 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 is analyzed manually, the value of numerical information may be poor or even misleading. 

The recent widespread use of computer has had a tremendous impact on business research in general and statistics in particular. Computer has reduced the  need for laborious hand calculations. Computer can perform more calculations faster — and far more accurately — than humans. Through the efficient use of computers, statisticians can now devote more time to improving the quality of raw data and interpreting the results. 

There are computer programs available that perform most of the descriptive and inferential statistical analysis. This article is on the application of TORA Software in statistical analysis. The TORA Software has the capability of running operations research algorithms. 

There has been increasingly need for the results of operations research for effective business management. That’s, efficient service to maintain customers goodwill, profit maximization and cost  minimization. 

The operation research analysis is a very tedious work. This article provides step-by-step application of TORA Software to relieve one from the burden that characterizes operations research algorithms. 

Tora Software

TORA Package is a computer application software package used for statistical computation and analysis. It is an already written program or suite of programs written for statistical application. It is basically applied for Operations Research (OR) analysis. TORA Optimization Window is a graphical user interface (GUI). This is what makes it unique from other statistical packages that have spreadsheets windows. Although, the input grid is edited much like spreadsheets, the number of rows and columns depend on setting. TORA is automated for screen display setting 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

Alt: = "Tora software main menu screen"


TORA is generally used for statistical analysis, and Operations Research (Quantitative Analysis) in particular. It is used for computation and analysis of the following topics on 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 theory. 


TORA can be executed in automated or tutorial mode. The automated mode reports the final solution of the problem, usually in the standard format followed in commercial packages. The tutorial mode is a unique feature that provides immediate feedback to test the user’s understanding of the computation process and details of each algorithm. TORA is accessed in a logical and unambiguous manner, essentially eliminating the need for a user’s manual. 

Excel spreadsheet templates complements TORA modules for operations research analysis. These templates includes linear programming, dynamic programming, analytical hierarchy process (AHP), Poisson queues, simulation, and nonlinear models. Some of the templates are direct spreadsheets. 

2.2 ADVANTAGES OF TORA 

The TORA Optimization System is a Window-based software designed for use with many of the techniques presented in this article

The system can be used to solve problems in a tutorial mode or automated mode. The tutorial mode is particularly useful because it allows concentration on the main concepts of the algorithms while relieving the user of the burden of the tedious computations that generally characterize Operation Research (OR)  algorithm. 

TORA  is totally self-contained in the sense that all the instructions are represented by menus, commands buttons, check boxes and the likes. 

It is user friendly and requires no user manual. 

TORA is fast in calculations and analysis. Data which can take hours to compute or analyze manually, TORA will perform the computations in seconds. 

As a computer program, if fed with correct data and appropriate commands, the results will be accurate and reliable. 

TORA has an existing data file which contains set of data that you can read from if you don’t want to enter a new set of data.

Now that you have known the uses of Tora, you also need to know how to use Tora software for statistical analysis (a step-by-step guide)


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