EconPapers    
Economics at your fingertips  
 

Identifying risks in temporal supernetworks: an IO-SuperPageRank algorithm

Yijun Liu (), Xiaokun Jin and Yunrui Zhang
Additional contact information
Yijun Liu: Chinese Academy of Sciences
Xiaokun Jin: Chinese Academy of Sciences
Yunrui Zhang: Chinese Academy of Sciences

Palgrave Communications, 2024, vol. 11, issue 1, 1-21

Abstract: Abstract Complex systems pose risks characterized by factors such as uncertainty, nonlinearity, and diversity, making traditional risk measurement methods based on a probabilistic framework inadequate. Supernetworks can effectively model complex systems, and temporal supernetworks can capture the dynamic evolution of these systems. From the perspective of network stability, supernetworks can aid in risk identification for complex systems. In this paper, an IO-SuperPageRank algorithm is proposed based on the supernetwork topological structure. This algorithm reveals network instability by calculating changes in node importance, thereby helping to identify risks in complex systems. To validate the effectiveness of this algorithm, a four-layer supernetwork composed of scale-free networks is constructed. Simulated experiments are conducted to assess the impact of changes in intralayer edge numbers, intralayer node numbers, and interlayer superedge numbers on the risk indicator IO value. Linear regression and multiple tests were used to validate these relationships. The experiments show that changes in the three network topological indicators all bring about risks, with changes in intralayer node numbers having the most significant correlation with the risk indicator IO value. Compared to traditional measures of network node centrality and connectivity, this algorithm can more accurately predict the impact of node updates on network stability. Additionally, this paper collected trade data for crude oil, chemical light oil, man-made filaments and man-made staple fibers from the UN Comtrade Database. We constructed a man-made filaments and fibers supply chain temporal supernetwork, utilizing the algorithm to identify supply chain risks from December 2020 to October 2023. The study revealed that the algorithm effectively identified risks brought about by changes in international situations such as the Russia-Ukraine war, Israel–Hamas conflict, and the COVID-19 pandemic. This demonstrated the algorithm’s effectiveness in empirical analysis. In the future, we plan to further expand its application based on different scenarios, assess risks by analyzing changes in specific system elements, and implement effective risk intervention measures.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s41599-024-02823-x Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-02823-x

Ordering information: This journal article can be ordered from
https://www.nature.com/palcomms/about

DOI: 10.1057/s41599-024-02823-x

Access Statistics for this article

More articles in Palgrave Communications from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-19
Handle: RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-02823-x