Evidence Ltd and ResearchResearch have created a simulation of post-2008 metrics
You are the REF (Research Excellence Framework)
"Everyone's talking about metrics, but how would they work in reality? You are the REF lets you get a feel for the implications. The new REF will be used to allocate research funds for universities and colleges from 2010 and HEFCE has said that the quality metrics it has in mind are research income, citations and PhDs. But how would these be measured, and which would be most important? There's no definitive answer yet. But You are the REF let's you play with the options ...