Market feedback replaces regulation: Adaptation in the electric power industry
✍ Scribed by Ross Little; Bruce Sawhill
- Publisher
- John Wiley and Sons
- Year
- 1998
- Tongue
- English
- Weight
- 57 KB
- Volume
- 3
- Category
- Article
- ISSN
- 1076-2787
No coin nor oath required. For personal study only.
✦ Synopsis
After developing several case studies on business applications of complexity, Ross Little joined an Ernst & Young field development team charged with creating an adaptive pricing strategy for a power company. He is studying how agent-based models can drive such strategies. Ross is a consultant at the firm's Center for Business Innovation. Bruce Sawhill is a senior scientist at Bios Group, LP. Bruce is a theoretical physicist who studied Boolean Nets and discrete dynamical systems at the Santa Fe Institute; he is especially interested in the mathematics of market dynamics. His business applications work includes a focus on the electric power industry.