Model use
How can you interact with a model?
SELECT THE PARAMETERS
I – MODEL SETTING INTERFACE
II - Model calculation kernel
III - RESULT INTERFACE
EXPLOIT THE RESULTS
A model has a tripartite structure:
I. The setting interface, where you can adjust the different parameters, or add data.
II. A calculation kernel, that incorporates the model methodology and runs automatically.
III. The result interface, that produces charts and results based on your setting selection.
How can a model help you in defining your strategy?
The strategy definition is a three steps process:
First step – Remedial action identification:
Based on your setting parameter selection, the model will produce the requested tailor-made data (e.g., market volumes, financial risk, impact measures). This will enable you to analyse how these results evolve according to different scenarios and thus to identify which remedial actions could optimise them.
Second step – Cost-benefit analyses:
Once the main remedial actions will have been identified, you will be able to conduct for each of these potential interventions a cost-benefit analysis, to compare the benefit of its implementation with its costs.
Third step – Final decisions towards your strategy:
Based on the different cost-benefit analyses, you will define your strategy by prioritizing the remedial actions you should trigger first (e.g., with the highest return on investment).
