Chaos effects in operational systems (COS)

There are three main findings in the present project:
 
1. In order to describe chaotic systems, one must use conservation variables such as the "conserved value" (cf. parallel project CFA), as in the natural sciences. The existence and form of this conserved value could be mathematically proven or derived.
2. Using a newly developed marketing tool, it could be shown that chaos effects never occur when predicting market shares, but they do when predicting the time span until market share is reached.
3. As most financial products do not have a stable balance between supply and demand, prices fluctuate chaotically and stock market speculation is comparable to pure gambling.

Team

Professor Dr. Michael Grabinski (Project Manager)
Dr. Galiya Klinkova

Overview

Partners
Universidad National de Educación a Distancia (UNED) (administrative, until 2018)
Project duration
Since April 2010
Donors
  • Others
  • Federal State
Project section
  • Research & Transfer
Cross-cutting topics
  • Business processes
Main areas of research
  • Mobility & Logistics
  • Business models & Entrepreneurship
Reference period
  • National

Financing

by the Bavarian State Ministry for Science and Art and additionally with existing resources of the Hochschule Neu-Ulm