UK - A researcher from Edinburgh University plans to use the UK's newest supercomputer to model and predict the likely outcomes of financial markets to help pension funds better plan for the future.
"Stochastic programming is able to help in the analysis of financial planning problems as it allows us to include possible future scenarios," he said.
Gondzio said he planned to use Edinburgh University's £113m (US$221m) HECToR (High End Computing Terascale Resource) system, which ranked as the 17th most powerful supercomputer in the world.
HECToR can run at a peak performance level of 60 teraflops per second which is about 100,000 times more powerful than a high-end desktop PC.
Gondzio has previously collaborated with a large Dutch pension fund on these issues but is currently developing the project from a largely scientific point-of-view.
"The methodology is there and it would be interesting to see it in the real world," he said.
Gondzio added aside from fellow academics, the project had not made much of an impact in the wider financial world and welcomed input from interested parties.
His model uses a simplified version of the entire global economy which allows potential investors to select asset classes to examine. All that is required is accurate market data.
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