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Complex networks are ubiquitous: a cell, the human brain, a group of people and the Internet are all examples of interconnected many-body systems characterized by macroscopic properties that cannot be trivially deduced from those of their…

We develop a model for contagion in reinsurance networks by which primary insurers' losses are spread through the network. Our model handles general reinsurance contracts, such as typical excess of loss contracts. We show that simpler…

Risk Management · Quantitative Finance 2020-03-25 Ariah Klages-Mundt , Andreea Minca

Interconnected agents such as firms in a supply chain make simultaneous preparatory investments to increase chances of honouring their respective bilateral agreements. Failures cascade: if one fails their agreement, then so do all who…

Theoretical Economics · Economics 2024-08-15 Jens Gudmundsson , Jens Leth Hougaard , Jay Sethuraman

The power of networks manifests itself in a highly non-linear amplification of a number of effects, and their weakness - in propagation of cascading failures. The potential systemic risk effects can be either exacerbated or mitigated,…

Distributed, Parallel, and Cluster Computing · Computer Science 2013-03-26 Dmitry Zinoviev , Hamid Benbrahim , Greta Meszoely , Dan Stefanescu

The mechanisms underlying cascading failures are often modeled via the paradigm of self-organized criticality. Here we introduce a simple model where nodes self-organize to be either weak or strong to failure which captures the trade-off…

Physics and Society · Physics 2018-09-12 Yuansheng Lin , Keith Burghardt , Martin Rohden , Pierre-André Noël , Raissa M. D'Souza

This paper addresses how to improve the computational efficiency and estimation reliability in cascading outage analysis. We first formulate a cascading outage as a Markov chain with specific state space and transition probability by…

Systems and Control · Computer Science 2016-11-03 Jinpeng Guo , Feng Liu , Jianhui Wang , Junhao Lin , Shengwei Mei

The issue of missing network links in partially observed networks is frequently neglected in empirical studies. This paper addresses this issue when investigating the spillovers of program benefits in the presence of network interactions.…

Econometrics · Economics 2024-08-16 Lina Zhang

While power systems are reliable infrastructures, their complex interconnectivities allow for propagation of disturbances through cascading failures which causes blackouts. Meanwhile the ever increasing penetration level of renewable…

Applied Physics · Physics 2017-07-03 Mir Hadi Athari , Zhifang Wang

We introduce and solve a model which considers two coupled networks growing simultaneously. The dynamics of the networks is governed by the new arrival of network elements (nodes) making preferential attachments to pre-existing nodes in…

Statistical Mechanics · Physics 2007-05-23 Dafang Zheng , Guler Ergun

Microscopic structural damage, such as lesions in neural systems or disruptions in urban transportation networks, can impair the dynamics crucial for systems' functionality, such as electrochemical signals or human flows, or any other type…

Physics and Society · Physics 2022-02-22 Arsham Ghavasieh , Giulia Bertagnolli , Manlio De Domenico

Resilience of cyber-physical networks to unexpected failures is a critical need widely recognized across domains. For instance, power grids, telecommunication networks, transportation infrastructures and water treatment systems have all…

Systems and Control · Electrical Eng. & Systems 2024-02-19 Jean-Baptiste Bouvier , Sai Pushpak Nandanoori , Melkior Ornik

Cascading failure studies help assess and enhance the robustness of power systems against severe power outages. Onset time is a critical parameter in the analysis and management of power system stability and reliability, representing the…

Signal Processing · Electrical Eng. & Systems 2025-03-04 Samita Rani Pani , Pallav Kumar Bera , Rajat Kanti Samal

Power transmission networks physically connect the power generators to the electric consumers. Such systems extend over hundreds of kilometers. There are many components in the transmission infrastructure that require a proper inspection to…

Computer Vision and Pattern Recognition · Computer Science 2020-10-16 Arman Alahyari , Anton Hinneck , Rahim Tariverdi , David Pozo

A reliable supply of electricity is critical for our modern society and any large scale disturbance of the electrical system causes substantial costs. In 2015, one overloaded transmission line caused a cascading failure in the Turkish power…

Adaptation and Self-Organizing Systems · Physics 2019-10-04 Benjamin Schäfer , G. Cigdem Yalcin

The networked combat system-of-system (CSOS) is the trend of combat development with the innovation of technology. The achievement of combat effectiveness requires CSOS to have a good ability to deal with external interference. Here we…

Systems and Control · Electrical Eng. & Systems 2022-12-12 Jintao Yu , Bing Xiao , Yuzhu Cui

Robustness of routing policies for networks is a central problem which is gaining increased attention with a growing awareness to safeguard critical infrastructure networks against natural and man-induced disruptions. Routing under limited…

Systems and Control · Computer Science 2012-05-02 Giacomo Como , Ketan Savla , Daron Acemoglu , Munther A. Dahleh , Emilio Frazzoli

Transmission line failures in power systems propagate and cascade non-locally. This well-known yet counter-intuitive feature makes it even more challenging to optimally and reliably operate these complex networks. In this work we present a…

Optimization and Control · Mathematics 2021-05-12 Alessandro Zocca , Chen Liang , Linqi Guo , Steven H. Low , Adam Wierman

Natural Disasters like hurricanes, floods or earthquakes can damage power grid devices and create cascading blackouts and islands. The nature of failure propagation and extent of damage is dependent on the structural features of the grid,…

Systems and Control · Computer Science 2015-09-25 Deepjyoti Deka , Sriram Vishwanath

In this paper we study a simple cascading process in a structured heterogeneous population, namely, a network composed of two loosely coupled communities. We demonstrate that under certain conditions the cascading dynamics in such a network…

Statistical Mechanics · Physics 2008-03-14 Aram Galstyan , Paul Cohen

The distribution of the magnitudes of damage avalanches during a failure process typically follows a power law. When these avalanches are recorded close to the point at which the system fails catastrophically, we find that the power law has…

Materials Science · Physics 2009-08-03 Srutarshi Pradhan , Alex Hansen , Per C. Hemmer