Is there a way to dynamically name a generic child model in the System Configuration Panel

Summary:

We are looking possible ways to dynamically name/label the child models within a System Configuration Panel so that we do not need to create a model for each possible selection in a menu.

Content (please ensure you mask any confidential information):

We have a root model and a generic child model. On the root model layout we have a multiselect menu and for each selection the generic child model gets added to the System Configuration Panel by using a configuration array to store the parsed selections of the multiselect menu.

Example:

Root Model = root

Child Model = child
Multiselect Menu = optionA~optionB~optionC~optionD ⇒ SELECTED = optionA~optionC