Dynamic financial analysis (DFA) is a simulation approach that looks at an insurance enterprise's risks holistically as opposed to traditional actuarial analysis, which analyzes risks individually.
Hence numerical solution and numerical simulation approaches are necessary.
Finally, the simulation approach and associated error models should be capable of being incorporated into standard GIS software.
"Today, his simulation approach is considered on an equal footing with experimental and theoretical techniques."
System dynamics and discrete event are traditional simulation approaches, agent based is new.
Feedback obtained from participants attending the workshop was very positive, with GPs reporting the simulation approach to be both of interest and use.
Such simulation approaches can also be combined with methods like phylogenetically independent contrasts (see above).
Professor Schruben's technique has been proven to be up to seventy times more rapid than Job Driven (JD) simulation approaches.
The upcoming cloud computing technologies can be used for new server-side simulation approaches.
DNS actually solves the Navier-Stokes equations directly, without any sort of model for turbulence, unlike most fluid dynamics simulation approaches.