Complex Decision-Making in Economy and Finance.

Intro -- Table of Contents -- Introduction: New Beginnings -- I.1. A present-day situation -- I.2. A basic awareness: the governance of a system -- I.3. What lies ahead of us? -- I.4. Guidelines and ways forward -- PART 1: Dealing with Complexity -- 1 Engineering Complexity within Present-Day Industrial Systems -- 1.1. Introduction -- 1.2. Basic properties of complex industrial systems -- 1.3. The complexity of systems -- 1.4. Analysis of some industrial dynamic systems -- 1.5. Applications of new concepts in industrial systems -- 2 Designing Complex Products and Services -- 2.1. Complex systems engineering: the basics -- 2.2. The implementation conditions for self-organization -- 2.3. Advantages and benefits of a complexity approach -- 3 Engineering and Complexity Theory: A Field Design Approach -- 3.1. Design approach for a complex system -- 3.2. Applications and solutions -- 3.3. Application: organization and management in companies -- 3.4. Main conclusions related to the first three chapters -- 4 Organizational Constraints and Complexity Theory: Modeling with Agents -- 4.1. A preamble to modeling -- 4.2. Introducing collective intelligence -- 4.3. Studying the agent concept -- 4.4. Applications using agents -- 4.5. Conclusion: information related to the use and usage of modeling -- 5 Complexity and the Theory of Organizations: Implementation of Collective Intelligence -- 5.1. Introducing the notion of collective intelligence -- 5.2. Definition of a multi-agent system -- 5.3. Behavioral and interaction strategies between agents -- 5.4. Concluding comments -- 6 Complexity and the Theory of Organizations: The Notion of Collective Patterns -- 6.1. The emergence of collective patterns -- 6.2. System complexity factors and their measurement -- 6.3. Conclusion: towards the notion of "complex adaptive systems" (CAS).

7 Complexity and Theory of Organizations: Structure and Architecture of an Enterprise -- 7.1. Notions of structure in organizations -- 7.2. Structure of distributed complex systems -- 7.3. Conclusion -- 8 Complexity and the Theory of Organizations: Applications -- 8.1. Applications: trends and models -- 8.2. Application and implementation of concepts in the "Fractal Factory" -- 9 Complexity and the Theory of Organizations: Complex Systems Reengineering -- 9.1. The reengineering of complex systems -- 9.2. Comments on the technologies used -- 9.3. Theory of constraints and complexity management -- 9.4. Measurement of the complexity of a new organization -- 9.5. Concluding remark -- 10 Evaluating and Measuring Complexity: The CINSYS Methodology -- 10.1. A brief overview of the CINSYS system -- 10.2. What can be found in a CINSYS model? -- 10.3. Functional analysis of the method: interpretation by the CINSYS symbolic and structural diagram -- 10.4. Illustration of the method -- 10.5. What are the advantages of using the method? -- 10.6. "The network metaphor" as the general application context of the method -- 10.7. Perspectives beyond the CINSYS method -- 10.8. Conclusion -- PART 2: Dealing with Risk in Complex Environments -- 11 Underlying Mechanisms in Finance -- 11.1. Introduction to finance theory and its evolution -- 11.2. What are the best candidates for the so-called econophysics? -- 11.3. Action plans in financial regulation and bank regulation: are they ok? -- 11.4. Back to physics and matter: their contribution -- 11.5. From matter up to living beings: how can big events be generated? -- 11.6. The evolution of an economic system - the problem of CRISIS -- 11.7. Role of complexity and diversity in Nature -- 11.8. Application: how should we proceed when faced with crises and financial crashes/crises? -- 11.9. Crisis as the end of an evolution.

11.10. Collapse theory and modeling - a theory of the "end" -- 11.11. Design of financial products: the example of world interconnections -- 11.12. Conclusion -- 12 Physics and Social Networks: Domain Similarities -- 12.1. Introducing a similarity of domains -- 12.2. On the principle of emergence -- 12.3. Finance, economics and physics: the quantification of emergence -- 12.4. About Gödel theorems -- 12.5. Conclusion -- 13 Managing Behavioral Risks: Uncertainty and Catastrophes -- 13.1. Introduction -- 13.2. Implications for intellectual approaches -- 13.3. The uncertainties -- 14 On Managing Risk in the Energy Domain: Conventional Problems Encountered -- 14.1. From a new oil crisis (peak oil) and the resulting energy crisis -- 14.2. The future: limit of price increases? Implications of the shortage -- 14.3. Modeling the problem correctly -- 14.4. Crisis or heuristic tactics? Large-scale oil shock? -- 14.5. A few conclusive remarks -- 15 On Managing Risk in the Financial Domain -- 15.1. Taking about disasters - from risks to catastrophes in finance -- 15.2. An interesting approach: financial analysis of losses -- 15.3. When the drama occurs -- 15.4. How to conduct a risk consequence analysis process? -- 15.5. Conservatory measures: risk and diversification -- 15.6. An additional risk: the decline and inversion rate at the stock exchange -- 15.7. Concluding with additional risks of the shared economy -- 16 Why Current Tools Are Inadequate -- 16.1. On the shortcomings of current tools: risk and probability -- 16.2. A thematic illustration -- 16.3. What regularities? -- 16.4. Characteristics of rational expectations in economics -- 16.5. Risk characteristics in the industry -- 16.6. A philosophical summary: chance and necessity -- 16.7. The environment's new challenge -- 17 How to Manage Crises? -- 17.1. The fundamental principles of crisis management.

17.2. Early warning risk signals and the basics of risk management -- 17.3. Five fundamental elements that describe a company -- 17.4. About stakeholders -- 18 Managing Crises in Finance and Other Domains -- 18.1. Reorienting company aims -- 18.2. Interactions: towards a crisis model? -- 19 Technological, Monetary and Financial Crashes -- 19.1. Yet another view to complexity -- 19.2. The reference financial systems are continuously changing -- 19.3. Conclusive discussion -- Conclusion: Different Types of Crises -- C.1. The crises mesh -- C.2. Changing economic and industrial cultures -- List of Abbreviations -- References -- Index -- End User License Agreement.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.