Complex Adaptive Systems? (CAS)

  CAS Overview
  Concepts of the Application of CAS to Business
  Additional Information

 

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Applications to Industry

Since business systems share many of the characteristics of natural evolutionary systems, insights into the behavior of natural systems may be applied to business situations:

Predictive Modeling
A computer model of a business environment, its participants and their interactions in the market may lead to insights into the best strategies. Commodity markets, customer behaviors and product satisfaction profiles have all been modeled using CAS.

Schedule Optimization
Any operational allocation of assets in which there is a range of assets deployed over a network may benefit from a CAS based optimization tool. Distribution networks, production schedules and product development schedules have been controlled by CAS based optimization.

Decision Support/Multi Objective Optimization

A situation in which there are multiple objectives that must be balanced for the best overall result respond well to CAS tools which net out the best possible solution. Risk management, asset allocation, optimum facility location decisions have been guided by CAS based decision support tools.


Applications to the Energy Industry

 

Planning Marketing Production Distribution
Predictive Modeling Gas/Electric Market Convergence Commodity Trading Work Over Economics Alternative Path Profiles
Schedule Optimization Refinery Location Commodity Transport Cost Well Production and Maintenance Truck and Pipeline Operations
Decision Support Drilling Portfolio Hedging
Financial Instruments
Spark Spread Interrupt Recovery