Group4

 Electronic modeling has allowed us to forecast different patterns when crisis occur in our society such as the falling in oil supplies. By using electronic modeling, we can model what the consequences of each decision will be in the real world and this saves the real economic effects as governments can look at these models to see which method would be best for the society and the country. With the example above, of how U.S. decisions during a crisis might affect how global energy markets and the U.S. econ­omy adjust to sudden and significant disruptions of oil supplies, we can see how different values for forecasting the effects would affect the government’s policies that they set out if there was indeed an oil crisis. “ In this exercise, the combina­tion of a determined but limited military response and minimal government intervention ameliorated the economic consequences of the crisis. ” So we can see that in the case of an oil crisis, this would be a suitable solution that governments can use to ensure that the economy stays operative during the crisis stage. Modeling allows using different scenarios without affecting the real economy which saves the money and harm from the market as experimenting with the real world would be dangerous and risky. Source: [|James Jay Carafano, Ph.D.] and [|William W. Beach], July 25, 2007 // , //// If //// Iran //// Provokes an Energy Crisis: Modeling the Problem in a War Game //// , From URL: // [|http://www.heritage.org/Research/EnergyandEnvironment/cda07-03.cfm  accesed on: February 10 2008
 * 2. economic effects of the use of models to design and test new products **