Why we should understand supply chains
Complexity Speaker Series
Stefan Thurner
Medical University of Vienna & Complexity Science Hub Vienna
Recent history taught us that supply chains might be less robust than we generally believed. For the first time now we can now observe national production networks on the firm-level. By assigning production functions to individual firms and by knowing their suppliers and customers, we are able to represent national economies as time-varying power-graphs. Understanding these on a quantitative basis and using them as a starting point for large-scale agent based simulations enables us to make predictive statements about the robustness, resilience of the present economy. We discuss new ways to optimally transform production networks towards a green and—at the same time—socially acceptable economy.
About the speaker
About the speaker
Stefan Thurner is professor for Science of Complex Systems at the Medical University of Vienna, external professor at the Santa Fe Institute, and president of the Complexity Science Hub Vienna. He has a PhD in theoretical physics and a PhD in economics. Stefan started his career with contributions to theoretical particle physics and shifted his focus to the understanding of complex systems. Stefan published more than 270 articles and holds two patents. His work has been covered by the media such as the New York Times, BBC world, Nature, New Scientist, Physics World, and was featured in more than 500 newspaper, radio and television reports. He was elected Austrian Scientist of the Year 2017 and received the Paul Watzlawick Ring of Honor in 2021.
Stefan Thurner is professor for Science of Complex Systems at the Medical University of Vienna, external professor at the Santa Fe Institute, and president of the Complexity Science Hub Vienna. He has a PhD in theoretical physics and a PhD in economics. Stefan started his career with contributions to theoretical particle physics and shifted his focus to the understanding of complex systems. Stefan published more than 270 articles and holds two patents. His work has been covered by the media such as the New York Times, BBC world, Nature, New Scientist, Physics World, and was featured in more than 500 newspaper, radio and television reports. He was elected Austrian Scientist of the Year 2017 and received the Paul Watzlawick Ring of Honor in 2021.
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