epidemiological model. a mathematical model, which may be a computer simulation model, of a disease for the purpose of studying the behavior of the disease in a variable animal population under variable conditions of climate, density of population, mix of population, and so on.. The model is based on a series of linear equations with a linear equation, called the objective function, as the desired end. Such an end could, in the determination of lowest cost rations, be the total cost of each ration. mathematical model.
(Limited)' mean. Ltd., or Limited, is a suffix that follows the name of a company, indicating it is a private limited company. This is an incorporation available under British, Irish and some Commonwealth countries' laws. In a limited company, shareholders' liability is limited to the capital they originally invested.
Limited Warranty. An agreement between a seller and a buyer in which the seller agrees to pay for damage to a good under certain conditions. For example, the limited warranty may only cover certain types of damage and/or damages up to a certain amount. For example, if one buys a computer with a limited warranty, the seller may refuse to pay for damages from water or deliberate abuse. See also: Unlimited warranty. 1  Facebook.