1. A distributed element generator for use with an electronic design automation tool, comprising: a parasitic element extractor configured to identify parasitic elements associated with an integrated circuit passive designed device having a surrounding layout environment; and a distributed parameter allocator coupled to said parasitic element extractor and configured to provide a distributed model of said integrated circuit passive designed device in which said passive designed device is divided into a plurality of segments and said parasitic elements are allocated relative to said segments within said distributed model based on relative physical location of said parasitic elements to said passive designed device in said surrounding layout environment.