The seminar, Modelling for Policy Decisions, was organised by the London School of Economics Complexity Research Centre. The event featured presentations from leading academics on the importance of understanding the complex and dynamic interdependencies between factors.
Prof. Brian Collins, Chief Scientific Advisor to the Department for Transport presented on the need to understand the many factors that impact through infrastracture.
Lucian Hudson, a senior communications advisor to several Government departments, explained the important aspects for successful collaboration.
Delegates also heard details of the OMEGA Aerospace project and the research into aviation and potential impacts for climate change.
Brian MacAulay from the Observatory and Richard Lewney from Cambridge Econometrics outlined the development and delivery of the Integrated Policy Model project, acknowledged as the first model of its type. Brian also led a workshop exploring ideas for future economic modelling and how such a project would benefit from collaborative working between academe, public sector and business.
The seminar provided an excellent platform to showcase the model to leading practitioners in related modelling fields. The Integrated Policy Model represents a major advance in the capacity for regional policy analysis. It will provide:
- An accessible, interactive tool for policy makers and analysts
- A unified framework for exploring the implications of key regional strategies
- A scenario testing function that will help greater understanding of direct and indirect impacts that emerge over time
- A mapping tool that presents a unified framework for small local areas building up to local authority and regional levels
Filed under: Economy & Labour Force, Events, Regional Data and Intelligence Network, Research, West Midlands Regional Observatory Tagged: | complex systems, Cranfield, economic modellling, integrated policy model, regional strategies