Computer modelling is the use of computer programs and algorithms to simulate and analyse complex systems or processes. The accuracy and reliability of computer models depend on the quality of input data and algorithms used.

  • Personal finance: Budgeting, investment planning, and financial forecasting
    • Helps individuals and families manage their finances effectively
  • Bridge and building design: Structural analysis and simulations to test designs
    • Ensures the safety and stability of structures before construction
  • Flood water management: Predicting and analysing flood risks and mitigation strategies
    • Supports planning and decision-making for disaster management
  • Traffic management: Analysing traffic patterns and optimising transportation systems
    • Aids in reducing congestion and improving traffic flow
  • Weather forecasting: Using complex algorithms and historical data to predict weather conditions
    • Helps people plan and prepare for upcoming weather events

Advantages


Disadvantages

Faster calculations and processingDependence on accurate input data and assumptions
Reduced human error and biasLimited by the quality and complexity of the algorithms used
Ability to simulate multiple scenarios and test different variablesMay overlook unique or unpredictable situations not covered by the model
Better visualisation of complex data and systemsCan be expensive and time-consuming to develop, maintain, and update models