The proposed activities to achieve the medium term objectives are:

• Collaborative R&D in the form of high-profile demonstrator and benchmarking projects, aimed at (a) emerging opportunities in the high value-added areas e.g. financial services, retail and construction and (b) applications in any sector that integrate the relevant players in the provider supply network. Each project consortium must include a clear end user in the public or private sector, and have access to the necessary sources of data for model refinement and calibration.
• Creation of associated case studies to capture the new capabilities of a more connected supply network, to be marketed through an expanded KTN to a wide business audience, especially in high-profile applications where companies are moving collectively in response to drivers such as the introduction of new technology or regulation.
• In conjunction with management schools and the funding bodies for higher education, growing the discipline of ‘mathematics for commerce’ to support the growing service sector industries. This will include support for ‘champions’ of modelling and simulation from the user community and supply network to convey their shared experience and enthusiasm to young scientists at the masters or doctoral level.

Industrial Strategy Panels are being formed by the KTN to provide further more detailed recommendations to the evolving strategy in target areas for Modelling and Simulation including Intelligent Transport Systems.