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The recent financial crisis has stressed the need to understand financial systems as networks of interdependent countries, where cross-border financial linkages play the fundamental role. It has also been emphasized that the relevance of…

Statistical Finance · Quantitative Finance 2015-06-03 Alessandro Spelta , Tanya Araújo

The insufficient understanding of the credit network structure was recognized as a key factor for regulators' underestimation of the destructive systematic risk during the financial crisis that started in 2007. The existing credit network…

Risk Management · Quantitative Finance 2018-12-05 Xuan Lu , Li Huang , Kangjuan Lyu

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

We show how to treat supply networks as physical transport problems governed by balance equations and equations for the adaptation of production speeds. Although the non-linear behaviour is different, the linearized set of coupled…

Statistical Mechanics · Physics 2007-05-23 Dirk Helbing , Stefan Lammer , Thomas Seidel , Petr Seba , Tadeusz Platkowski

With complex networks emerging as an effective tool to tackle multidisciplinary problems, models of network generation have gained an importance of their own. These models allow us to extensively analyze the data obtained from real-world…

Physics and Society · Physics 2018-09-05 G. Kashyap , G. Ambika

Supply chain disruptions cause shortages of raw material and products. To increase resilience, i.e., the ability to cope with shocks, substituting goods in established supply chains can become an effective alternative to creating new…

General Economics · Economics 2024-01-25 Ambra Amico , Luca Verginer , Giona Casiraghi , Giacomo Vaccario , Frank Schweitzer

The measurement and mapping of transportation network vulnerability to natural hazards constitute subjects of global interest, especially due to climate change, and for a sustainable development agenda. During a flood, some elements of a…

The expansion of global production networks has raised many important questions about the interdependence among countries and how future changes in the world economy are likely to affect the countries' positioning in global value chains. We…

General Economics · Economics 2020-05-20 Olivera Kostoska , Viktor Stojkoski , Ljupco Kocarev

Considering health and safety factors in supply chain network design brings safer place for employer and help firm to have better image in the society. There are many health and safety factors overlooked by literature studies of supply…

Optimization and Control · Mathematics 2019-09-10 Sajad Karimi , Zaniar Ardalan

The control of complex networks is of paramount importance in areas as diverse as ecosystem management, emergency response, and cell reprogramming. A fundamental property of networks is that perturbations to one node can affect other nodes,…

Disordered Systems and Neural Networks · Physics 2013-07-15 Sean P. Cornelius , William L. Kath , Adilson E. Motter

Since several years, the fragility of global supply chains (GSCs) is at historically high levels. In the same time, the landscape of hybrid threats is expanding; new forms of hybrid threats create different types of uncertainties. This…

General Economics · Economics 2022-12-22 d'Artis Kancs

Throughout economic history, the global economy has experienced recurring crises. The persistent recurrence of such economic crises calls for an understanding of their generic features rather than treating them as singular events. The…

Statistical Finance · Quantitative Finance 2011-04-14 Kyu-Min Lee , Jae-Suk Yang , Gunn Kim , Jaesung Lee , Kwang-Il Goh , In-mook Kim

Modern society heavily relies on strongly connected, socio-technical systems. As a result, distinct risks threatening the operation of individual systems can no longer be treated in isolation. Consequently, risk experts are actively seeking…

Risk Management · Quantitative Finance 2018-02-07 Christos Ellinas , Neil Allan , Caroline Coombe

In the context of the rapid development of digital supply chain networks, dealing with the increasing cybersecurity threats and formulating effective security investment strategies to defend against cyberattack risks are the core issues in…

Cryptography and Security · Computer Science 2025-02-18 Jiajie Cheng , Jiaxin Wang , Caijiao Li , Luxiang Zhang , Yusheng Fan , Yujie Bao , Wen Zhou

This paper studies the controllability of networked relative coupling systems (NRCSs), in which subsystems are of fixed high-order linear dynamics and coupled through relative variables depending on their neighbors, from a structural…

Systems and Control · Electrical Eng. & Systems 2021-01-27 Yuan Zhang , Yuanqing Xia , Dihua Zhai

We review selected results related to robustness of networked systems in finite and asymptotically large size regimes, under static and dynamical settings. In the static setting, within the framework of flow over finite networks, we discuss…

Systems and Control · Electrical Eng. & Systems 2019-09-17 Ketan Savla , Jeff S. Shamma , Munther A. Dahleh

We study how product specialization choices affect supply chain resilience. We propose a theory of supply chain formation in which only compatible inputs can be used in final production. Intermediate producers choose how much to specialize…

General Economics · Economics 2026-01-28 Alessandro Ferrari , Lorenzo Pesaresi

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

Many critical infrastructure systems have network structure and are under stress. Despite their national importance, the complexity of large-scale transport networks means we do not fully understand their vulnerabilities to cascade…

This paper explores a variety of strategies for understanding the formation, structure, efficiency and vulnerability of water distribution networks. Water supply systems are studied as spatially organized networks for which the practical…

Physics and Society · Physics 2011-04-04 A. Yazdani , P. Jeffrey
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