The document discusses the non-compartmental pharmacokinetic model, which does not assume a specific number of compartments and instead assumes first-order elimination. It is a simple approach used to calculate parameters like half-life, clearance, and volume of distribution without complex compartmental assumptions. Key parameters like area under the curve (AUC) and mean residence time can be estimated using this model from concentration-time data using trapezoidal integration without assuming an underlying multi-compartment structure. While simple, this model provides essential exposure parameters needed to understand drug behavior without more complex compartmental modeling.