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Physical infrastructure systems supply crucial resources to residential, commercial, and industrial activities. These infrastructure systems generally consist of multiple types of infrastructure assets that are interdependent. In the event…

Optimization and Control · Mathematics 2024-07-25 Yijiang Li , Kibaek Kim , Sven Leyffer , Matt Menickelly , Lawrence Paul Lewis , Joshua Bergerson

We study a problem of failure of two interdependent networks in the case of correlated degrees of mutually dependent nodes. We assume that both networks (A and B) have the same number of nodes $N$ connected by the bidirectional dependency…

Disordered Systems and Neural Networks · Physics 2015-05-20 Sergey V. Buldyrev , Nathaniel Shere , Gabriel A. Cwilich

We introduce a general framework for models of cascade and contagion processes on networks, to identify their commonalities and differences. In particular, models of social and financial cascades, as well as the fiber bundle model, the…

Risk Management · Quantitative Finance 2015-05-13 Jan Lorenz , Stefano Battiston , Frank Schweitzer

Current network models assume one type of links to define the relations between the network entities. However, many real networks can only be correctly described using two different types of relations. Connectivity links that enable the…

Data Analysis, Statistics and Probability · Physics 2015-05-20 Roni Parshani , Sergey V. Buldyrev , Shlomo Havlin

When an initial failure of nodes occurs in interdependent networks, a cascade of failure between the networks occurs. Earlier studies focused on random initial failures. Here we study the robustness of interdependent networks under targeted…

Physics and Society · Physics 2011-07-22 Xuqing Huang , Jianxi Gao , Sergey V. Buldyrev , Shlomo Havlin , H. Eugene Stanley

In network systems, a local perturbation can amplify as it propagates, potentially leading to a large-scale cascading failure. Here we derive a continuous model to advance our understanding of cascading failures in power-grid networks. The…

Physics and Society · Physics 2017-12-18 Yang Yang , Adilson E. Motter

We investigate the abrupt breakdown behavior of coupled distribution grids under load growth. This scenario mimics the ever-increasing customer demand and the foreseen introduction of energy hubs interconnecting the different energy…

We analyze cascades of defaults in an interbank loan market. The novel feature of this study is that the network structure and the size distribution of banks are derived from empirical data. We find that the ability of a defaulted…

Statistical Finance · Quantitative Finance 2016-01-21 Fariba Karimi , Matthias Raddant

As economic entities become increasingly interconnected, a shock in a financial network can provoke significant cascading failures throughout the system. To study the systemic risk of financial systems, we create a bi-partite banking…

General Finance · Quantitative Finance 2013-03-11 Xuqing Huang , Irena Vodenska , Shlomo Havlin , H. Eugene Stanley

We study, both analytically and numerically, the cascade of failures in two coupled network systems A and B, where multiple support-dependent relations are randomly built between nodes of networks A and B. In our model we assume that each…

Data Analysis, Statistics and Probability · Physics 2015-05-20 Jia Shao , Sergey V. Buldyrev , Shlomo Havlin , H. Eugene Stanley

In our daily lives, we rely on the proper functioning of supply networks, from power grids to water transmission systems. A single failure in these critical infrastructures can lead to a complete collapse through a cascading failure…

Physics and Society · Physics 2021-06-03 Franz Kaiser , Vito Latora , Dirk Witthaut

Threshold cascade models have been used to describe spread of behavior in social networks and cascades of default in financial networks. In some cases, these networks may have multiple kinds of interactions, such as distinct types of social…

Physics and Society · Physics 2016-10-05 Kyu-Min Lee , Charles D. Brummitt , K. -I. Goh

We investigate the failure mechanisms of load sharing complex systems. The system is composed of multiple nodes or components whose failures are determined based on the interaction of their respective strengths and loads (or capacity and…

Adaptation and Self-Organizing Systems · Physics 2014-02-03 Shahnewaz Siddique , Vitali Volovoi

An elementary Ising spin model is proposed for demonstrating cascading failures (break-downs, blackouts, collapses, avalanches, ...) that can occur in realistic networks for distribution and delivery by suppliers to consumers. A…

Physics and Society · Physics 2013-10-08 H. Hooyberghs , S. Van Lombeek , C. Giuraniuc , B. Van Schaeybroeck , J. O. Indekeu

A networked system can fail when most of its components are unable to support flux through the nodes and edges. As studied earlier this scenario can be triggered by an external perturbation such as an intentional attack on nodes or for…

Statistical Mechanics · Physics 2026-05-15 Shaunak Roy , Vimal Kishore , M. S. Santhanam

The increased complexity of infrastructure systems has resulted in critical interdependencies between multiple networks---communication systems require electricity, while the normal functioning of the power grid relies on communication…

Physics and Society · Physics 2020-11-10 Michael M. Danziger , Albert-László Barabási

Recent work in the area of interdependent networks has focused on interactions between two systems of the same type. However, an important and ubiquitous class of systems are those involving monitoring and control, an example of…

Disordered Systems and Neural Networks · Physics 2013-09-27 Richard G. Morris , Marc Barthelemy

The dynamics of cascading failures in spatial interdependent networks significantly depend on the interaction range of dependency couplings between layers. In particular, for increasing range of dependency couplings, different types of…

Physics and Society · Physics 2023-07-07 Bnaya Gross , Ivan Bonamassa , Shlomo Havlin

The scope of financial systemic risk research encompasses a wide range of interbank channels and effects, including asset correlation shocks, default contagion, illiquidity contagion, and asset fire sales. This paper introduces a financial…

General Finance · Quantitative Finance 2016-09-23 Thomas R. Hurd , Davide Cellai , Sergey Melnik , Quentin Shao

Resolving major societal challenges, such as stagnated economic growth or wasted resources, heavily relies on successful project delivery. However, projects are notoriously hard to deliver successfully, partly due to their interconnected…

Social and Information Networks · Computer Science 2018-10-18 Christos Ellinas , Naoki Masuda