Reasons for the Simplified Model Sample Clauses

Reasons for the Simplified Model. In order to assess the behaviour of the repayment phase and estimate the completion date, a simplified mathematical model of the system and associated back-out was developed. The derivation of the model is presented in Section 6. This simplified model produces analytical equations that can solve the state of the system at any point in time. Running the rigorous, complex models mentioned in Section 2.5, is considerably more time consuming and being numerical in nature, not so easily extended far into the future in order to examine the long term behaviour of the repayment phase. The analytical solvable equations associated with the simplified model also provide a deeper understanding of the behaviour of the system.
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