Should you not decide to submit a proposal, please circulate it to any colleague who might have interests in the subject. Modeling and simulation are common and valuable techniques in the development and evaluation of HVAC equipment.
Most simulation models are quasi steady state representations.
That is, while the models may be used in transient simulation programs, they are based on steady state models of equipment operation. The transient response of equipment is generally much shorter than the one-hour simulation time step. At the most familiar level, electrical demand charges for most commercial buildings are based on 15-minute time intervals, which is comparable to the overall response time of a typical central plant cooling system. With on-going changes in the utility industry, it is expected that novel pricing strategies could require more rapid response of building operations to changing prices. The ability of a building system operator to effectively respond to such a dynamic environment requires the ability to predict dynamic system behavior.