New approach needed to prevent major 'systemic failures' such as power outages, subprime mortgage crisis and Gulf oil spill
Monday, January 31, 2011 - 17:30
in Mathematics & Economics
A Purdue University researcher is proposing development of a new cross-disciplinary approach for analyzing and preventing systemic failures in complex systems that play a role in calamities ranging from huge power outages to the BP Deepwater Horizon disaster and the subprime mortgage crisis.