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Related papers: Critical Distribution System

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A celebrated and controversial hypothesis conjectures that some biological systems --parts, aspects, or groups of them-- may extract important functional benefits from operating at the edge of instability, halfway between order and…

Statistical Mechanics · Physics 2018-08-01 Miguel A. Munoz

Recent events such as the Heparin tragedy, in which patients lost their lives due to tainted pharmaceuticals, highlight the necessity for supply chain designers and planners to consider the risk of even low probability disruptions in supply…

Optimization and Control · Mathematics 2012-05-04 AliReza Madadi , Mary E. Kurz , Scott J. Mason , Kevin M. Taaffe

Investigation of the critical levels and catastrophes in the complex systems of different nature is useful and perspective. Mathematical modeling and analysis is presented for revealing and investigation of the phenomena and critical levels…

Adaptation and Self-Organizing Systems · Physics 2017-04-06 Ivan V. Kazachkov

The energy transition is expected to significantly increase the share of renewable energy sources whose production is intermittent in the electricity mix. Apart from key benefits, this development has the major drawback of generating a…

Trading and Market Microstructure · Quantitative Finance 2023-01-30 Thibaut Théate , Antonio Sutera , Damien Ernst

We show that the intermittent and self-similar fluctuations displayed by a slow crack during the propagation in a heterogeneous medium can be quantitatively described by an extension of a classical statistical model for fracture. The model…

Disordered Systems and Neural Networks · Physics 2013-01-24 G. Pontuale , F. Colaiori , A. Petri

A key quality of any kind of system is its ability to deliver its respective service correctly. Often the unavailability of commercial systems may lead to lost revenue, which are minor compared to what may be at stake when critical…

Networking and Internet Architecture · Computer Science 2023-08-31 Armin Stocker , Hermann de Meer

This paper proposes a novel method to co-optimize distribution system operation and repair crew routing for outage restoration after extreme weather events. A two-stage stochastic mixed integer linear program is developed. The first stage…

Optimization and Control · Mathematics 2018-06-29 Anmar Arif , Shanshan Ma , Zhaoyu Wang , Jianhui Wang , Sarah M. Ryan , Chen Chen

Catastrophic transitions, where a system shifts abruptly between alternate steady states, are a generic feature of many nonlinear systems. Recently these regime shift were suggested as the mechanism underlies many ecological catastrophes,…

Populations and Evolution · Quantitative Biology 2015-06-11 Haim Weissmann , Nadav M. Shnerb

Everyone wants clean air, peace and other public goods but is tempted to freeride on others' efforts. The usual way out of this dilemma is to impose norms, maintain reputations and incentivize individuals to contribute. In situations of…

Physics and Society · Physics 2020-04-06 Jeroen Bruggeman , Rudolf Sprik

This paper deals with the stability properties of a closed market, where capital and labour force are acting like a predator-prey system in population-dynamics. The spatial movement of the capital and labour force are taken into account by…

Dynamical Systems · Mathematics 2013-02-19 Laszlo Balazsi , Krisztina Kiss

The combination of the compactness of networks, featuring small diameters, and their complex architectures results in a variety of critical effects dramatically different from those in cooperative systems on lattices. In the last few years,…

Statistical Mechanics · Physics 2009-11-13 S. N. Dorogovtsev , A. V. Goltsev , J. F. F. Mendes

Physical risks, such as droughts, floods, rising temperatures, earthquakes, infrastructure failures, and geopolitical conflicts, can ripple through global supply chains, raising costs, and constraining production across industries.…

Physics and Society · Physics 2025-04-25 Jichu Han , Lina Wang , Richard Bookstaber , Dhruv Sharma

In the wake of the 2008 financial crisis the role of strongly interconnected markets in fostering systemic instability has been increasingly acknowledged. Trade networks of commodities are susceptible to deleterious cascades of supply…

Economics · Quantitative Finance 2015-04-15 Peter Klimek , Michael Obersteiner , Stefan Thurner

Dynamic pricing schemes are increasingly employed across industries to maintain a self-organized balance of demand and supply. However, throughout complex dynamical systems, unintended collective states exist that may compromise their…

Physics and Society · Physics 2021-06-01 Malte Schröder , David-Maximilian Storch , Philip Marszal , Marc Timme

As energy markets begin clearing at sub-hourly rates, their interaction with load control systems becomes a potentially important consideration. A simple model for the control of thermal systems using market-based power distribution…

Chaotic Dynamics · Physics 2008-12-02 Nicolas Ho , David P. Chassin

Zero-range processes, in which particles hop between sites on a lattice, are closely related to equilibrium networks, in which rewiring of links take place. Both systems exhibit a condensation transition for appropriate choices of the…

Statistical Mechanics · Physics 2009-11-11 A. G. Angel , M. R. Evans , E. Levine , D. Mukamel

An important challenge in several disciplines is to understand how sudden changes can propagate among coupled systems. Examples include the synchronization of business cycles, population collapse in patchy ecosystems, markets shifting to a…

Physics and Society · Physics 2015-11-12 Charles D. Brummitt , George Barnett , Raissa M. D'Souza

Socio-technical systems, where technological and human elements interact in a goal-oriented manner, provide important functional support to our societies. Here we draw attention to the underappreciated concept of timeliness -- i.e., system…

Physics and Society · Physics 2025-02-27 José Moran , Frank P. Pijpers , Utz Weitzel , Jean-Philippe Bouchaud , Debabrata Panja

Price-mediated contagion occurs when a positive feedback loop develops following a drop in asset prices which forces banks and other financial institutions to sell their holdings. Prior studies of such events fix the level of market…

Risk Management · Quantitative Finance 2024-09-05 Zhiyu Cao , Zachary Feinstein

The distribution of waiting times until the occurrence of a critical event is a crucial statistical problem across several disciplines in Science. In this work we present a statistical model in which a relevant quantity X accumulates until…

Applications · Statistics 2021-01-12 Vivianne Olguín-Arias , Sergio Davis , Gonzalo Gutiérrez