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Related papers: Mitigating Systemic Risks in Future Networks

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The latest financial crisis has painfully revealed the dangers arising from a globally interconnected financial system. Conventional approaches based on the notion of the existence of equilibrium and those which rely on statistical…

Trading and Market Microstructure · Quantitative Finance 2019-12-12 V. Sasidevan , Nils Bertschinger

Risks threatening modern societies form an intricately interconnected network that often underlies crisis situations. Yet, little is known about how risk materializations in distinct domains influence each other. Here we present an approach…

Computers and Society · Computer Science 2016-05-03 Boleslaw K. Szymanski , Xin Lin , Andrea Asztalos , Sameet Sreenivasan

Social science studies dealing with control in networks typically resort to heuristics or describing the static control distribution. Optimal policies, however, require interventions that optimize control over a socioeconomic network…

Social and Information Networks · Computer Science 2021-08-24 Jannes Nys , Milan van den Heuvel , Koen Schoors , Bruno Merlevede

Future communication networks are expected to feature autonomic (or self-organizing) mechanisms to ease deployment (self-configuration), tune parameters automatically (self-optimization) and repair the network (self-healing).…

Networking and Internet Architecture · Computer Science 2012-09-07 Richard Combes , Zwi Altman , Eitan Altman

In this paper, we examine both stability and sustainability of a network-based model of natural resource consumption. Stability is studied from a dynamical systems perspective, though we argue that sustainability is a fundamentally…

Optimization and Control · Mathematics 2019-01-11 Matthew T. Hale , Sebastian F. Ruf , Talha Manzoor , Abubakr Muhammad

The aim of this paper is a short survey of models and methods that developed by the authors. These models and methods are used to optimize general networks with nonlinear non-convex restrictions and objectives possessing mixed…

Optimization and Control · Mathematics 2019-11-12 Emmanuel M. Livshits , Leonid A. Ostromuhov

We introduce a decision-making framework tailored for the management of systemic risk in networks. This framework is constructed upon three fundamental components: (1) a set of acceptable network configurations, (2) a set of interventions…

Risk Management · Quantitative Finance 2024-10-28 Gregor Svindland , Alexander Voß

Introduction of renewable generation leads to significant reduction of inertia in power system, which deteriorates the quality of frequency control. This paper suggests a new control scheme utilizing controllable load to deal with low…

Systems and Control · Computer Science 2018-11-30 Oleg O. Khamisov , Janusz W. Bialek , Anatoly Dymarsky

Multi-stability is a widely observed phenomenon in real complex networked systems, such as technological infrastructures, ecological systems, gene regulation, transportation and more. When a system functions normally but there exists also a…

Physics and Society · Physics 2022-05-27 Hillel Sanhedrai , Shlomo Havlin

Motivated by the increasing need to hedge against load and generation uncertainty in the operation of power grids, we propose flexibility maximization during operation. We consider flexibility explicitly as the amount of uncertainty that…

Optimization and Control · Mathematics 2025-01-27 Aron Zingler , Stephane Fliscounakis , Patrick Panciatici , Alexander Mitsos

The field of optimal control typically requires the assumption of perfect knowledge of the system one desires to control, which is an unrealistic assumption for biological systems, or networks, typically affected by high levels of…

Optimization and Control · Mathematics 2021-04-28 Isaac Klickstein , Francesco Sorrentino

Robust control theory has been successfully applied to numerous real-world problems using a small set of devices called {\it controllers}. However, the real systems represented by networks contain unreliable components and modern robust…

Physics and Society · Physics 2015-06-23 Jose C. Nacher , Tatsuya Akutsu

Congestion game is a widely used model for modern networked applications. A central issue in such applications is that the selfish behavior of the participants may result in resource overloading and negative externalities for the system…

Systems and Control · Electrical Eng. & Systems 2020-02-17 Ezra Tampubolon , Haris Ceribasic , Holger Boche

The recent financial crisis have generated renewed interests in fragilities of global financial networks among economists and regulatory authorities. In particular, a potential vulnerability of the financial networks is the "financial…

General Finance · Quantitative Finance 2014-08-27 Bhaskar DasGupta , Lakshmi Kaligounder

With a steadily growing human population and rapid advancements in technology, the global human network is increasing in size and connection density. This growth exacerbates networked global threats and can lead to unexpected consequences…

Social and Information Networks · Computer Science 2018-07-02 Xiang Niu , Alaa Moussawi , Noemi Derzsy , Xin Lin , Gyorgy Korniss , Boleslaw K. Szymanski

This paper investigates the stakes of introducing probabilistic approaches for the management of power system's security. In real-time operation, the aim is to arbitrate in a rational way between preventive and corrective control, while…

Systems and Control · Computer Science 2016-02-18 Efthymios Karangelos , Patrick Panciatici , Louis Wehenkel

This paper studies the problem of controlling complex networks, that is, the joint problem of selecting a set of control nodes and of designing a control input to steer a network to a target state. For this problem (i) we propose a metric…

Systems and Control · Computer Science 2014-03-04 Fabio Pasqualetti , Sandro Zampieri , Francesco Bullo

Single- and multi-layer complex networks have been proven as a powerful tool to study the dynamics within social, technological,or natural systems. An often observed common goal there is to optimize these systems for specific purposes by…

Physics and Society · Physics 2021-02-11 Tanja Holstein , Marc Wiedermann , Jürgen Kurths

Despite the significant advances in identifying the driver nodes and energy requiring in network control, a framework that incorporates more complicated dynamics remains challenging. Here, we consider the conformity behavior into network…

Physics and Society · Physics 2022-01-26 Zu-Yu Qian , Cheng Yuan , Jie Zhou , Shi-Ming Chen , Sen Nie

In this paper, we study the global stability properties of a multi-agent model of natural resource consumption that balances ecological and social network components in determining the consumption behavior of a group of agents. The social…

Systems and Control · Computer Science 2018-04-13 Sebastian F. Ruf , Matthew T. Hale , Talha Manzoor , Abubakr Muhammad
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