Infrastructure is the backbone of any economy that is meant to provide the society with a springboard to leap towards development.
A capital intensive sector that is affected by long-term strategies, policies and the volatility of economies, this sector has its own set of challenges in terms of the societal role, the balance between the developmental paradigms and the societal protection that exists in the markets.
Traditionally, infrastructure has been the sector that has had the most diverse and the most detailed types of modelling and simulation applications. It is a standard practice to use models and simulations to verify a variety of management decisions in these sectors. Crucial among them include:
And these areas are like independent sectors, however, clubbed together due to certain common characteristics.