Stress-testing banks under deep uncertainty

Years of turmoil in the banking sector have revealed the need to assess bank performance under deep uncertainty and identify vulnerabilities to different types of risks. Banks are not the safe houses of old. Today, banks are highly uncertain dynamically complex systems that are permanently at risk due to internal and external stresses and...

Adapt or Perish: A Review of Planning Approaches for Adaptation under Deep Uncertainty

There is increasing interest in long-term plans that can adapt to changing situations under conditions of deep uncertainty. We argue that a sustainable plan should not only achieve economic, environmental, and social objectives, but should be robust and able to be adapted over time to (unforeseen) future conditions. Large numbers of papers...

A system dynamics mode-based exploratory analysis of salt water intrusion in coastal aquifers

Coastal communities dependent upon groundwater resources for drinking water and irrigation are vulnerable to salinization of the groundwater reserve. The increasing uncertainty associated with changing climatic conditions, population and economic development, and technological advances poses significant challenges for freshwater management. The...

A bright future for system dynamics: From art to computational science and beyond

This paper presents a bright future for quantitative System Dynamics Modeling. This future relates to all major issues and grand challenges which all happen to be dynamically complex and deeply uncertain. Combining System Dynamics Modeling and Exploratory Modeling and Analysis allows one to generate, explore and deeply analyze tens of thousands...

To Radicalize or to Deradicalize? Is that the Question?

Radicalization and deradicalization are deeply uncertain dynamic processes. Exploring and analyzing many plausible futures and assessing the robustness of policies to reinforce desirable evolutions seem more useful for such processes than trying to predict their precise development over time and optimize the associated policy response. This...

Energy Transitions towards Sustainability I: A Staged Exploration of Complexity and Deep Uncertainty

This paper illustrates the use of Exploratory System Dynamics Modeling and Analysis – a multi-method combining System Dynamics and Exploratory Modeling and Analysis to explore and analyze uncertain dynamic issues and test deep policy robustness. This paper gives an overview of the current state of this multi-method by means of an illustration....

Strategies to combat salt water intrusion in coastal aquifers: A model-based exploratory analysis

Coastal communities dependent upon groundwater resources for drinking water and irrigation are vulnerable to salinization of the groundwater reserve. The increasing uncertainty associated with changing climatic conditions, population and economic development, and technological advances in agriculture, water treatment, and water purification,...

The Influenza A(H1N1)v Pandemic: An Exploratory System Dynamics Approach

This paper presents a small exploratory System Dynamics model related to the dynamics of the 2009 flu pandemic, also known as the Mexican flu, swine flu, or A(H1N1)v. The model was developed in May 2009 in order to quickly foster understanding about the possible dynamics of this new flu variant and to perform rough-cut policy explorations. Later...