October 24, 2011 Models. Agenda Introduction to Models Guest speakers from BBVA Compass.
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Transcript of October 24, 2011 Models. Agenda Introduction to Models Guest speakers from BBVA Compass.
October 24, 2011
Models
Agenda Introduction to Models Guest speakers from BBVA Compass
Definition
“A computer simulation, a computer model, or a computational model is a computer program, or network of computers, that attempts to simulate an abstract model of a particular system.”
- http://en.wikipedia.org/wiki/Computer_simulation
Model
Statistical model Used to find analytical solutions and predict, or
forecast, future results Weather Banking
Simulation Uses various types of inputs (human entered,
random machine input) to run different scenarios Architecture Weather (Climate change) Flight Simulator
Example: Earthquake Simulation (Simulation Model) World’s largest shake table test
Six-story wood frame tested by stronger earthquake forces than California has experienced in modern time
Example: Bridge Wind Simulation (Simulation Model) Washington State Department of
Transportation SR 520 Bridge Replacement and HOV Project
Example: Natural Disaster Simulation (Simulation Model) Tsunami Inundation of Seattle (NOAA
simulation) Based on a simulated 7.3 magnitude earthquake
Example: Weather Forecast (Statistical Model) National Weather Service
Weather for Tuscaloosa, AL
Guest Speakers
Tom Osterbind and Austin Sensenan Corporate Risk Managers
for BBVA Compass Bank
Next Time
Quiz #5 due 3:30 on Wednesday No late submissions accepted
Assignment #3 due Wednesday night More about App Inventor
Don’t forget to purchase or download the textbook!