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Conceptual modelling and systems theory with an application using real options analysis - Volume 1

Milioti, K. (2007). Conceptual modelling and systems theory with an application using real options analysis - Volume 1. (Unpublished Doctoral thesis, City, University of London)


This thesis introduces an abstract conceptualization of the notion of the system and examines its relations to the various issues relating to the problem of conceptual modelling and its links to the development of formal models and control/information architectures. The overall effort is placed on creating a basis that will help to move from a purely conceptual level of describing a system to a more formal one, enabling decision making and driving the analysis away from experience and intuition.

The major drive is the development of a basis of general system theory in a way that expresses all aspects which are relevant to conceptualisation, modelling and control of processes, but are so general to provide a meaningful framework for general processes. For that purpose, a general systemic framework, suitable for discussing a number of important issues arising in the analysis and design of processes, is introduced.

A particular case study-the future projection of prices of electricity, generated by gas and nuclear in the UK- has been used in this thesis to enable the conceptualisation process, as well as initiate the decision making process with the use of Real Options analysis. Through this application, a spherical understanding of the requirements needed for the purpose of modelling analysis and decision making was acquired.

Publication Type: Thesis (Doctoral)
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Departments: School of Science & Technology > Computer Science
School of Science & Technology > School of Science & Technology Doctoral Theses
Doctoral Theses
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