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The World Economic Forum 2023, recently held in Switzerland, was focused on the world's most pressing global challenges and the potential for advancing innovative solutions. In this blog post, we will shine a light on some of the most severe risks over the next decade and our abilities to tackle global issues for future resilience using simulation modeling.

As gas and electricity prices surge, people and businesses are spending a record of their income on energy. This blog post will show how simulation helps optimize energy systems and analyze the effects of renewable energy sources, decentralized energy management, and changing social behavior on electric power consumption.

Electrification of commercial, municipal, and personal vehicle fleets is happening now and quickly. In less than three years, the City of London and Norway target phasing out internal combustion vehicle sales. By 2030, a significant proportion of the world plans the same. Commercial and public organizations will require insight and informed planning to smoothly navigate this time of significant change and make the most of its opportunities.

Here are case studies and research showing how simulation modeling is helping organizations adapt to vehicle electrification.

Even though your business may not involve anything remotely related to farming or agriculture, we believe our modeling approach is useful for demonstrating how an interactive simulation model can be used to improve collaboration and decision making.

Let’s examine a model where we used high-level aggregate data and focused on the interactions between different processes. NB: No animals have been harmed during these simulations.

Energy markets are changing. They are now open to competition, households regularly generate electricity, and a necessity for more environmentally friendly modes of transport means electric vehicles are placing new demands on electricity grids. While these changes take place, electricity delivery must remain stable and affordable.

Sjors Hijgenaar proposes a radical response to these developments — decentralized smart grids and direct local trade. As part of his analysis, he develops an agent-based simulation of a Dutch neighborhood that uses a smart grid and local trade to show the benefits for efficiency and reliability. How can this work?

YPF is the largest oil producer in Argentina. It has 43% of the oil and gas production market and 58% of the gasoline market in the country. They hired consultants from Continente Siete to develop a decision support system (DSS) for determining work schedules.

The new maintenance planning system helped YPF save $18 million annually at the pilot implementation site. Forecasts suggest, the integration of the DSS with the work processes of other sites should save the company another $234 million per year.

As the hubs of economic activity, cities drive the vast majority of the world’s energy use and are major contributors to global greenhouse gas (GHG) emissions. Nowadays, roughly half of the world’s population is living in urban areas, and this share is increasing over time, projected to reach 60% by 2030. Cities are responsible for the largest consumption of energy resources worldwide – between 60 to 80% – and account for a roughly equal share of global CO2 emissions. The European Institute for Energy Research (EIFER) is a European economic interest group whose mission is to develop know-how and innovative solutions and products for the management of energy and related economic and environmental questions. Dr. Enrique Kremers from EIFER evaluates energy policies and their impact on reducing energy consumption to improve energy efficiency.