DocumentCode
2733878
Title
Challenges of Engineering Economic Behavior in Large-Scale, Self-Organizing Infrastructures
Author
Rehm, Sven-Volker
Author_Institution
WHU - Otto Beisheim Sch. of Manage., Vallendar, Germany
fYear
2010
fDate
27-28 Sept. 2010
Firstpage
50
Lastpage
54
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.
Keywords
adaptive systems; large-scale systems; complex adaptive systems; engineering economic behavior; large-scale infrastructures; self-organizing infrastructures; Adaptive systems; Biological system modeling; Context; Economics; Humans; Large scale integration; Organizations; complex adaptive systems; economic organizations; large-scale infrastructures; self-organization;
fLanguage
English
Publisher
ieee
Conference_Titel
Self-Adaptive and Self-Organizing Systems Workshop (SASOW), 2010 Fourth IEEE International Conference on
Conference_Location
Budapest
Print_ISBN
978-1-4244-8684-7
Electronic_ISBN
978-0-7695-4229-4
Type
conf
DOI
10.1109/SASOW.2010.13
Filename
5729594
Link To Document