Infrastructure transitions toward sustainability: a complex adaptive systems perspective

To ensure infrastructure assets are procured and maintained by government on behalf of citizens, appropriate policy and institutional architecture is needed, particularly if a fundamental shift to more sustainable infrastructure is the goal. The shift in recent years from competitive and resource-intensive procurement to more collaborative and sustainable approaches to infrastructure governance is considered a major transition in infrastructure procurement systems. In order to better understand this transition in infrastructure procurement arrangements, the concept of emergence from Complex Adaptive Systems (CAS) theory is offered as a key construct. Emergence holds that micro interactions can result in emergent macro order. Applying the concept of emergence to infrastructure procurement, this research examines how interaction of agents in individual projects can result in different industry structural characteristics. The paper concludes that CAS theory, and particularly the concept of ‘emergence’, provides a useful construct to understand infrastructure procurement dynamics and progress towards sustainability

Managing the bullwhip effect in multi-echelon supply chains

This editorial article presents the bullwhip effect which is one of the major problems faced by supply chain management. The bullwhip effect represents the demand variability amplification as demand information travels upstream in the supply chain. The bullwhip effect research has been attempting to prove its existence, identify its causes, quantify its magnitude and propose mitigation and avoidance solutions. Previous research has relied on different modeling approaches to quantify the bullwhip effect and to investigate the proposed mitigation/avoidance solutions. Extensive research has shown that smoothing replenishment rules and collaboration in supply chain are the most powerful approaches to counteract the bullwhip effect. The objective of this article is to highlight the bullwhip effect avoidance approaches with providing some interesting directions for future research

Understanding the Global in Global Finance and Regulation

A simple and statistically robust method for passive clock synchronization in sensor networks is presented. The method is not limited to passive (one-way communication) synchronization, but this scenario justifies the method. The recursive nature of the method and the targeted passive setup mean that it adds a minimum of requirements on the system in which it is used. Statistical characteristics of the method are quantified and real measurements are used to illustrate the robustness and performance gain relative to a naive Kalman filter based clock synchronization. Finally, C++ code that implements the suggested clock synchronization method, is provided in this article.QC 20140423</p

Environmental Innovations: Institutional Impacts on Co-operations for Sustainable Development

A suitable strategy for achieving sustainable development is to foster environmental innovations. Environmental innovations, however, suffer from so-called "double externalities", because apart from innovation spillovers they also improve the quality of public environmental goods, which can be used without cost by free riders. Those innovation spillovers can be avoided through co-operation. Furthermore co-operations can be considered as advantageous because environmental innovations often depend on interaction in research and development, production, selling and disposal. This paper analyzes as to what extent institutional factors impact co-operative arrangements of innovative organizations in the development of new environmental technologies. It applies a multi-dimensional institutional analysis focusing not only on institutional arrangements which exist among organizations but also on opportunities and constraints provided by the institutional environment in which these organizations are embedded. Expanding the existing research we will conclude what kind of policy measure may support the success within networks of environmental oriented innovators.Environmental innovation, Co-operation, Sustainability, Institutional analysis, Policy measures

Exploring the WFO Option for Global Banking Regulation

The Global Financial Crisis and the global operations by participants in the financial services industry has led observers and even senior public representatives to call for global regulatory solutions that go beyond the current, transnational regulatory network (TRN) framework provided by the G20, the Financial Stability Board and the Basel Committee on Banking Supervision. The concept of a global banking regulator has often been advocated, but this is not remotely politically viable. Recently the imaginative concept of a World Financial Organization (WFO), that would follow the model of the World Trade Organization (WTO), has been proposed. Although attractive in that such a framework might seem to offer a less dramatic inroad on national sovereignty than might a global regulator, the WFO idea has difficulties as well. In particular, financial and especially banking regulation is quite unlike trade regulation. Trade regulation focuses on access to markets and fairness among nations. Banking regulation is concerned with safe and sound operations of specific financial institutions and with the threats to financial stability that such operations might pose. This latter kind of regulation demands highly specific and very responsive regulatory action that does not fit well with the cumbersome processes of international trade regulation. This paper argues that the real problems begin with the globalized nature of specific modern banking operations and that these problems should first be addressed domestically, not internationally. At the same time, international coordination (as opposed to governance) is always critically important. While the TRNs can be criticized for mistakes of their own, their activities provide much more immediate and practical focus than would an abstract WFO treaty that might attempt to move beyond the access to financial markets already addressed in the Annex on Financial Services of the General Agreement on Trade in Services and analogous regional agreements, such as the North American Free Trade Agreement , ch. 14. The paper therefore argues that the WFO proposal is conceptually misaligned to the problems that must be addressed, and that it is also impractical as a short or medium term solution to the problems of financial instability

Coalition Formation Games for Collaborative Spectrum Sensing

Collaborative Spectrum Sensing (CSS) between secondary users (SUs) in cognitive networks exhibits an inherent tradeoff between minimizing the probability of missing the detection of the primary user (PU) and maintaining a reasonable false alarm probability (e.g., for maintaining a good spectrum utilization). In this paper, we study the impact of this tradeoff on the network structure and the cooperative incentives of the SUs that seek to cooperate for improving their detection performance. We model the CSS problem as a non-transferable coalitional game, and we propose distributed algorithms for coalition formation. First, we construct a distributed coalition formation (CF) algorithm that allows the SUs to self-organize into disjoint coalitions while accounting for the CSS tradeoff. Then, the CF algorithm is complemented with a coalitional voting game for enabling distributed coalition formation with detection probability guarantees (CF-PD) when required by the PU. The CF-PD algorithm allows the SUs to form minimal winning coalitions (MWCs), i.e., coalitions that achieve the target detection probability with minimal costs. For both algorithms, we study and prove various properties pertaining to network structure, adaptation to mobility and stability. Simulation results show that CF reduces the average probability of miss per SU up to 88.45% relative to the non-cooperative case, while maintaining a desired false alarm. For CF-PD, the results show that up to 87.25% of the SUs achieve the required detection probability through MWCComment: IEEE Transactions on Vehicular Technology, to appea