Role of Recovery in Evolving Protection against Systemic Risk: A Mechanical Perspective in Network-Agent Dynamics

We propose a model of evolving protection against systemic risk related to recovery. Using the failure potential in network-agent dynamics, we present a process-based simulation that provides insights into alternative interventions and their mechanical uniqueness. The fundamental operating principle...

Full description

Saved in:
Bibliographic Details
Main Author: Chulwook Park
Format: Article
Language:English
Published: Wiley 2021-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2021/4805404
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:We propose a model of evolving protection against systemic risk related to recovery. Using the failure potential in network-agent dynamics, we present a process-based simulation that provides insights into alternative interventions and their mechanical uniqueness. The fundamental operating principle of this model is that computation allows greater emphasis on optimizing the recovery within the general regularity of random network dynamics. The rules and processes that are used here could be regarded as useful techniques in systemic risk measurement relative to numerical failure reduction analyses.
ISSN:1076-2787
1099-0526