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Stevens Institute of Technology Launches the Center for Complex Systems and Enterprises

December 8, 2012

Research Center to Focus on Improving Enterprise Decision Making in Healthcare, Finance, Energy, and Security Sectors sponsored by Lockheed Martin

Hoboken, NJ (PRWEB) December 07, 2012

Stevens Institute of Technology announces the launch of the Center for Complex Systems and Enterprises (CCSE), an interdisciplinary initiative designed to foster research and education in systems science and engineering and to create innovative solutions to manage complexity. The CCSE is made possible through a research agreement with Lockheed Martin, a global security and aerospace company who is joining the Center as its first Charter Member.

“The launch of the Center for Complex Systems and Enterprises continues Stevens´ holistic and interdisciplinary research approach, which recognizes that no single discipline on its own can advance the understanding and resolution of today´s national and global challenges in security, healthcare, sustainable energy, and financial systems,” said Dr. Dinesh Verma, dean of the School of Systems and Enterprises at Stevens. “Mobilizing the vision, experience, talent, creativity and capabilities across Stevens and its collaborators, the Center promises to provide seminal insights and pragmatic approaches to some of society´s most critical problems.”

The CCSE will focus its research on four key domains — healthcare delivery, financial systems, sustainable energy and national security. The large-scale, public-private enterprise systems associated with these domains are characterized by wide ranging and splintered groups of corporate and government stakeholders, often with conflicting interests and objectives, which present major hurdles to performance improvement, productivity increase and system transformation.

“Lockheed Martin is a proud long-standing partner with Stevens Institute of Technology. We value their efforts to advance engineering as the innovation backbone to our nation´s security and competitiveness,” said Jeffrey Wilcox, vice president of engineering at Lockheed Martin. “The Center for Complex Systems and Enterprises is a visionary effort to expand beyond the traditional aspects of systems engineering to develop affordable and sustainable solutions to the key challenges we face as a nation.”

“The goal of the CCSE is to enable companies and agencies involved in healthcare, finance, energy and security to better address the many challenges and opportunities within these enormously-complex sectors by developing powerful tools, technologies and solutions to drive forward strategic policy and management decisions,” said Dr. William B. Rouse, the Alexander Crombie Humphreys Chair of Economics in Engineering at Stevens and the inaugural director of the CCSE.

The primary activity of the CCSE will be the development of mathematical and computational models of complex enterprises to guide the decision making of business leaders and policymakers in these four domains. These “policy flight simulators” will enable leaders to rapidly evaluate how potential organizational decisions will impact stakeholders, eliminate bad ideas, understand alternatives and translate data into effective strategies and policies.

On Tuesday, Dec. 11, 2012, Stevens will host a research colloquium on complex systems and enterprises, an all-day event to celebrate the launch of the CCSE. The event will feature: presentations by key leaders from government, industry and academia in the healthcare, finance, energy and security sectors; tours of Stevens´ research laboratories and facilities; the inaugural Alexander Crombie Humphreys Chair lecture by Rouse; an introduction to the CCSE´s research vision, mission and portfolio; and much more.

The CCSE has already developed a unique multi-level enterprise modeling framework which it hopes becomes the preferred means for addressing transformation issues in complex systems and enterprises. It has already been tested in healthcare, security and energy. The modeling paradigm enables the replication of any complex enterprise, and along with associated interactive visualizations, it allows for the exploration of issues and solutions at any level of a system.

For more information on the CCSE or to RSVP for the event (by Friday, December 7, 2012) please visit http://www.stevens.edu/ccse.

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology, The Innovation University, lives at the intersection of industry, academics and research. Students, faculty and partners collaborate in an academic culture of innovation, research and entrepreneurship to develop, implement and leverage technology to confront global challenges.

Based in Hoboken, N.J., Stevens offers degrees in engineering, the sciences, management, business, humanities and the arts. Stevens has been recognized by both the U.S. Department of Defense and the Department of Homeland Security as a National Center of Excellence in systems engineering and port security research. The University has more than 6,100 undergraduate and graduate students with more than 350 faculty members. Stevens´ programs have attracted international participation and strategic partnerships with industry leaders, governments and other universities around the world.

For more information on Stevens visit http://www.stevens.edu and http://www.stevens.edu/news.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/12/prweb10215457.htm


Source: prweb



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