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
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;
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
DOI :
10.1109/SASOW.2010.13