An RSI Managing Risk method
Simulation modeling
Simulation modeling is one of the methods used by Risk Sciences International to better manage risk.
Broadly
Simulation modeling uses computational representations of real-world systems to explore how risks evolve over time or under different conditions. It supports decision-making by visualizing dynamics, testing interventions, and assessing uncertainty. Common applications include disease spread, supply chain disruption, and infrastructure failure. Challenges include model validity, data availability, and stakeholder understanding.
More specifically
RSI develops simulation models that capture the complexity of risk-related systems, drawing on subject matter expertise, empirical data, and stakeholder input. Its models are designed to inform strategic planning, regulatory decisions, and operational readiness. RSI emphasizes transparent assumptions and usability for both technical and non-technical audiences.