Victor Korotkich
Faculty of Informatics and Communication
Central Queensland University
Mackay, Queensland, Australia
v.korotkich@cqu.edu.au
The digital economy is creating abundant new opportunities for
optimization applications especially in such areas as financial services,
electronic markets, network infrastructure, supply-chain management
and brainware of the Internet. It is becoming well recognised that
models in these areas have to be constructed as dynamically evolving
nonlinear systems. Nonlinear systems occur whenever individual parts
interact and create a whole that is no longer reducible back to its
original component parts.
There is still no general framework that could reveal underlying
structures of these models. In the paper we discuss the recent advances
and propose a general approach that identifies hierarchical structures
in the models. Relevant complexity issues are presented to guide
the development of optimization methods for the decision making problems.
Results of computational experiments are given to illustrate and
validate the approach.