Similar to geologists evaluating how to produce a reservoir, the efficiency engineers use this comprehensive data to calibrate simulation models that predict the financial impact of a range of efficiency measures over the building life.
He gives the example of a simulation that lets someone who works in marketing make financial decisions so that they develop a better understand budgeting issues.
Schneider looked to one of the leading practitioners of logistics simulation, Warren Powell, a professor of operations research and financial engineering at Princeton University.
We conclude with an argument that, in the specific case of the global financial markets, there is an urgent need to develop major national strategic modelling and predictive simulation capabilities, comparable to national-scale meteorological monitoring and modelling capabilities.