Modeling and Analyzing Market Performance in Infrastructures

摘要

Accurate and appropriate performance of an infrastructure is important due to society’sdependency on its service. This research tries to examine the performance of an infrastructureand the potential causes for its failure. Specifically, the objective is to model the dynamics ofan infrastructure market and to examine it with respect to performance criteria. Thetheoretical and observable dynamics of an infrastructure market are represented as a causalmodel. In turn, relevant criteria, based upon society’s desire, can be used to analysis theperformance of the system. This analysis helps to determine the potential performancefailures in the infrastructure market. In this paper, a causal model of a generic infrastructuremarket is presented and analyzed against performance criteria for possible failures. Theidentified failures from this causal model were supported by illustrations from the Californiaenergy crisis.