Hi Luka,
Thank you for the response. The link helped me to get a comprehensive idea on modeling the switches.
Also, in the beginning, I was under the impression that in order to capture the switching losses, I need to have a small time step for the executions. Seems like those are anyway done according to the FPGA's nano-second level time step, which is sufficient enough. Thus, I won't need this much of a small time step.
Thank you for the insights and advice.
BR, Nishan