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 MoreMetadata
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.
Published in: 2010 Fourth IEEE International Conference on Self-Adaptive and Self-Organizing Systems Workshop
Date of Conference: 27-28 September 2010
Date Added to IEEE Xplore: 10 March 2011
ISBN Information:
Keywords assist with retrieval of results and provide a means to discovering other relevant content. Learn more.
- IEEE Keywords
- Index Terms
- Behavioral Economics ,
- Social Theory ,
- Adaptive System ,
- Economic Theory ,
- Stream Of Research ,
- Discussion Paper ,
- Technical Systems ,
- Complex Adaptive Systems ,
- Self-organizing Systems ,
- Concept Of Transfer ,
- Complex Systems ,
- Social Systems ,
- Actuator ,
- Computer Science ,
- Electric Power ,
- Human Interaction ,
- Economic System ,
- Public Private ,
- Market Economy ,
- Elements Of System ,
- Software Agents ,
- Emergent Behavior ,
- Water Distribution Networks ,
- Economic Organization ,
- Emergent Properties ,
- Autonomous Behavior ,
- Self-organization Process ,
- Self-organized Behavior
- Author Keywords
Keywords assist with retrieval of results and provide a means to discovering other relevant content. Learn more.
- IEEE Keywords
- Index Terms
- Behavioral Economics ,
- Social Theory ,
- Adaptive System ,
- Economic Theory ,
- Stream Of Research ,
- Discussion Paper ,
- Technical Systems ,
- Complex Adaptive Systems ,
- Self-organizing Systems ,
- Concept Of Transfer ,
- Complex Systems ,
- Social Systems ,
- Actuator ,
- Computer Science ,
- Electric Power ,
- Human Interaction ,
- Economic System ,
- Public Private ,
- Market Economy ,
- Elements Of System ,
- Software Agents ,
- Emergent Behavior ,
- Water Distribution Networks ,
- Economic Organization ,
- Emergent Properties ,
- Autonomous Behavior ,
- Self-organization Process ,
- Self-organized Behavior
- Author Keywords