Embedding Economic Input-Output Models in Systems of Systems: An MBSE and Hetero-functional Graph Theory Approach
A new paper merges economic input-output models with systems engineering for the first time.
Researchers Mohammad Mhadi Naderi, Megan S. Harris, John C. Little, and Amro M. Farid published a paper introducing the first application of Model-Based Systems Engineering (MBSE) and Hetero-functional Graph Theory (HFGT) to economic systems. Their methodology integrates economic input-output (EIO) models into a unified system-of-systems framework using SysML and HFGT. This allows complex economic and ecological systems to be modeled with graphical clarity and computational precision for better sustainability decision-making.
Why It Matters
Provides a unified framework for modeling complex sustainability challenges, bridging economics and engineering for better policy.