A FUNDAMENTAL SYSTEMS HYPOTHESIS RELATING RESOURCES, RISK,COMPLEXITY AND EXPECTED OUTPUT VALUE

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dc.contributor.authorBradley, Jameseng
dc.date.accessioned2008-02-27T23:01:30Z
dc.date.available2008-02-27T23:01:30Z
dc.date.computerscience1999-05-27eng
dc.date.issued1998-06-01eng
dc.description.abstractA working hypothesis is presented and justified, called the Fundamental Systems Hypothesis. It relates expected net output value, complexity, risk and resources, and governs all human-agent-directed systems. The general veracity of this Hypothesis appears such that it could be considered a Fundamental Law of Systems. The risk measure can be either conventional standard deviation risk or mean deviation risk. There are two risk parameters: positive and negative risk. There are two complexity parameters: monitoring or checking complexity, and resource-sharing complexity. Monitoring complexity is defined as a specification length, and measures complexity in the system's environment-coping procedure that monitors a time function representing the unfolding environment. Resource-sharing complexity measures the execution time of a complex resource-sharing procedure. The Hypothesis is expressed as a mathematical relationship that reduces to numerical values for specific system circumstances. It also quantifies real economic losses, and gains, associated with system risk. The established Markowitz-Sharpe-Lintner relationship between return, capital resources and risk for the subclass of financial systems is inherent in the Hypothesis. The Hypothesis can be subjected to experimental test.eng
dc.description.notesWe are currently acquiring citations for the work deposited into this collection. We recognize the distribution rights of this item may have been assigned to another entity, other than the author(s) of the work.If you can provide the citation for this work or you think you own the distribution rights to this work please contact the Institutional Repository Administrator at digitize@ucalgary.caeng
dc.identifier.department1998-623-14eng
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/30411
dc.identifier.urihttp://hdl.handle.net/1880/46322
dc.language.isoEngeng
dc.publisher.corporateUniversity of Calgaryeng
dc.publisher.facultyScienceeng
dc.subjectComputer Scienceeng
dc.titleA FUNDAMENTAL SYSTEMS HYPOTHESIS RELATING RESOURCES, RISK,COMPLEXITY AND EXPECTED OUTPUT VALUEeng
dc.typeunknown
thesis.degree.disciplineComputer Scienceeng
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