The webinar introduces the concept of complexity, which is defined as a function of structure and entropy. It is shown how this approach allows to establish a metric which possesses a maximum value known as "critical complexity".
In the proximity of critical complexity dynamical systems possess a large number of possible modes of behaviour and are therefore characterized by the capacity to deliver surprising behaviour. Based on this concept, it is shown how critically complex systems are more exposed in terms of risk and are more difficult to manage and control. The "state of health", or robustness, of a generic system may be inferred based on its distance from criticality.
Numerous industrial examples of application are shown from fields such as engineering, banking, economics and medicine.
|Date||14th August 2008|