System Modeling Framework Being able to model complex systems is a core challenge facing the development of contemporary science. Due to their high degree of connectivity, emergent structures and dynamic nature, studying complex systems requires both a reassessment of the traditional mechanistic paradigm within science and a [...]
Game theoretic concepts apply whenever the actions of several agents are interdependent. These agents may be individuals, groups, firms, or any combination of these. The concepts of game theory provide a language to formulate, structure and analyz
Complexity economics is a new approach to economic science that uses models from complexity theory to look at and model the economy as a complex adaptive system
There is a seed change in global innovation, from every corner a mandate for increasing creativity and innovation and we are hearing this in business we are hearing this in education we are hearing this in commerce
With the rise of the services economy and information technology fundamentally new forces are at play in the global economy and this is giving birth to a new form of business organization called the platform business that is adapted to this age of connectivity.
A central question facing any economic system is how to harness all of the resources available within the society towards productive ends and then distribute the returns in an equitable fashion. Within just the past couple of years, the topic of
In this paper, we look at the nature of this new form of services economy, how vertically integrated, service providers now tend to engage in networked value creation in ecosystem-like environments - what can be called service value networks (SVNs) and how this development requires new cooperation forms in loosely-coupled structures of autonomous organizations.
As a revolution in information technology unfolds at an extraordinary speed, science fiction appears to be becoming science fact. Within just a couple of short decades, we have gone from the PC to the internet and mobile computing, to cloud computing, to today where we stand on the brink of a new