Challenges of Engineering Economic Behavior in Large-Scale, Self-Organizing Infrastructures | IEEE Conference Publication | IEEE Xplore

Challenges of Engineering Economic Behavior in Large-Scale, Self-Organizing Infrastructures


Abstract:

One approach to engineering large-scale infrastructures (LSI) as self-organizing systems is to inform their design by concepts from economic theory. The paper presents an...Show More

Abstract:

One approach to engineering large-scale infrastructures (LSI) as self-organizing systems is to inform their design by concepts from economic theory. The paper presents an overview of the visions and intentions connected to, as well as critical aspects and limitations of this approach. As a discussion paper it reviews a selection of relevant literature. It is argued that for implementing economic behavior in self-organizing systems giving attention to the findings from the domain of complex adaptive systems is a prerequisite, and that the transfer of concepts between economic and social theories to the engineering of technical systems creates significant challenges. Some critical barriers are formulated. As to its practical implication, the paper intends to prepare and give tangible advice for further research on the topic. It gives a synopsis of the different research streams involved and helps to derive limitations of emulating or simulating economic behavior in self-organizing systems.
Date of Conference: 27-28 September 2010
Date Added to IEEE Xplore: 10 March 2011
ISBN Information:
Conference Location: Budapest, Hungary

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