Abstract
It is increasingly the case that models are being developed as “evolving” products rather than
one-off application tools, such that auditable modelling versus ad hoc treatment of models becomes a
pivotal issue. Auditable modelling is particularly vital to “parsimonious modelling” aimed at meeting
specific modelling requirements. This paper outlines various contributory factors and aims to seed
proactively a research topic by inextricably linking value/risk management to parsimonious modelling.
Value management in modelling may be implemented in terms of incorporating “enough detail” into a
model so that the synergy among the constituent units of the model captures that of the real system. It is a
problem of diminishing returns, since further reductions in the constituent units will create an
unacceptable difference between the model and the real system; conversely, any further detail will add to
the cost of modelling without returning any significant benefit. The paper also defines risk management
in relation to modelling. It presents a qualitative framework for value/risk management towards
parsimonious modelling by the categorisation of “modelling techniques” in terms of “control volume.”
Original language | Undefined |
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Title of host publication | Integrated assessment ande decision support. Proceedings of IEMSs 2002, Vol. I |
Editors | A.E. Rizzoli, A.J. Jakeman |
Place of Publication | Lugano, Switzerland |
Publisher | University of Lugano |
Pages | 399-404 |
ISBN (Print) | 88-900787-0-7 |
Publication status | Published - 24 Jun 2002 |
Event | First Biennial Meeting of the International Environmental Modelling and Software Society: Integrated assessment and decision support. Proceedings of IEMSs 2002, Vol II - Lugano, Switzerland, Lugano, Switzerland Duration: 24 Jun 2002 → 27 Jun 2002 |
Conference
Conference | First Biennial Meeting of the International Environmental Modelling and Software Society |
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City | Lugano, Switzerland |
Period | 24/06/02 → 27/06/02 |
Other | 24-27 June 2002 |
Keywords
- METIS-206156
- IR-62701