A FUNDAMENTAL SYSTEM HYPOTHESIS RELATING RESOURCES, RISK, COMPLEXITY AND EXPECTED OUTPUT IN AGENT-DIRECTED SYSTEMS

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dc.contributor.authorBradley, Jameseng
dc.date.accessioned2008-02-27T23:01:20Z
dc.date.available2008-02-27T23:01:20Z
dc.date.computerscience1999-05-27eng
dc.date.issued1997-12-01eng
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 agent-directed systems. The general veracity of this Hypothesis appears such that it could be considered a Fundamental Law of Systems. The risk measure is 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 scheduling & utilization complexity. Complexity is defined as a specification length after Gell-Mann. Both complexity parameters measure complexity in the system's environment-coping procedure that monitors an often close-to-random time function representing the unfolding environment. The Hypothesis is expressed as a mathematical relationship that reduces to numerical values for specific system circumstances. 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.department1997-607-09eng
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/30409
dc.identifier.urihttp://hdl.handle.net/1880/46320
dc.language.isoEngeng
dc.publisher.corporateUniversity of Calgaryeng
dc.publisher.facultyScienceeng
dc.subjectComputer Scienceeng
dc.titleA FUNDAMENTAL SYSTEM HYPOTHESIS RELATING RESOURCES, RISK, COMPLEXITY AND EXPECTED OUTPUT IN AGENT-DIRECTED SYSTEMSeng
dc.typeunknown
thesis.degree.disciplineComputer Scienceeng
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