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We discuss how the development and elaboration of notions of systems failure, rather than just market failure, can further improve policy-making in the future.
The realisation that "elaboration of notions of systems failure, rather than just market failure, can further improve policy-making in the future" (Dodgeson et al. 2011, p. 1145), particularly taking into account the unique problems faced by each country.
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Based on the distinction between anticipated but uncertain risks, and unexpected events produced by environmental turbulence, we develop the notions of system robustness and, respectively, governability.
The method relies upon the notions of system immersion and manifold invariance and, in principle, does not require the knowledge of a (control) Lyapunov function.
The notions of system (as used in engineering thermodynamics), and physically similar systems (as used in the physical sciences) are important and powerful in determining what is relevant to an engineering model.
The formalisation covers the notions of system goals and agents, various formal structures (functions and relations) defining different interrelationships between these notions, as well as constraints on the system dynamics allowing a multi-agent system to become more reconfigurable and thus resilient in order to achieve the system goals.
The process is more closely aligned with the notion of "systems reverse engineering" than it is with systems design engineering.
The notion of systems can be traced back to the seventeenth century when R. Descartes (1596 1650) noticed the interrelationships among scientific disciplines as a system.
Given the systemic properties of innovation (Fagerberg 2005) and its socio-technical nature (Geels 2004), the concept of the national system of innovation is best appreciated as one taxon, albeit a central one, among several within the broader notion of systems of innovation (Edquist 1997, 2005a, 2005b).
This notion of system is crucial to understanding Yeats, for it marked him as essentially Romantic, an heir to the English poet and visionary William Blake.
Primary Response is thus able to provide "a general notion of system health" as well as spotting break-ins, says Dr Hofmeyr.
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