By Manfred Broy, María Victoria Cengarle, Eva Geisberger (auth.), Radu Calinescu, David Garlan (eds.)
This booklet provides the completely refereed and revised post-workshop court cases of the seventeenth Monterey Workshop, held in Oxford, united kingdom, in March 2012. The workshop explored the demanding situations linked to the advance, Operation and administration of Large-Scale advanced IT platforms. The 21 revised complete papers provided have been considerably prolonged and better by way of the insights received from the effective and vigorous discussions on the workshop, and the suggestions from the post-workshop peer reviews.
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Additional info for Large-Scale Complex IT Systems. Development, Operation and Management: 17th Monterey Workshop 2012, Oxford, UK, March 19-21, 2012, Revised Selected Papers
Sizeable fortunes were made, and sizeable fortunes were lost, by those caught in the storm; the issue of who lost and who gained was in too many cases almost random. The second worry is a much more significant concern: the Flash Crash could have occurred any time that day. Certainly the specific time-period during which the Flash Crash occurred, roughly 2:30pm to 3:00pm, was not cited as a causal factor in the official CFTC/SEC report on the events of May 6th, nor in the much more detailed analysis performed by Nanex Corp.
In fact the move toward introducing circuitbreakers in the US pre-dates the Flash Crash by more than two years: it had been proposed in an influential report on the sub-prime crisis from the Institute of International Finance (IIF, 2008) but seems to have been actively resisted until the events of May 2010. Thus, it seems plausible to argue that before the Flash Crash occurred there had been some significant degree of normalization of deviance: highspeed changes in the prices of equities had been observed, market participants were well aware that that could lead to a high speed crash, but these warning signals were ignored and the introduction of safety measures that could have prevented them was resisted.
V. Cengarle, and E. : Safeware: System Safety and Computers. : Requirement-Centric Traceability for Change Impact Analysis: A Case Study. M. ) ICSP 2008. LNCS, vol. 5007, pp. 100–111. : Analyzing Software Specifications for Mode Confusion Potential. In: Workshop on Human Error and System Development (Proceedings), pp. : Society as a Learning System: Discovery, Invention, and Innovation Cycles Revisited. Technological Forecasting and Social Change 18(4), 267–282 (1980) [Mat03] Mattern, F. ): Total vernetzt: Szenarien einer informatisierten Welt (7.
Large-Scale Complex IT Systems. Development, Operation and Management: 17th Monterey Workshop 2012, Oxford, UK, March 19-21, 2012, Revised Selected Papers by Manfred Broy, María Victoria Cengarle, Eva Geisberger (auth.), Radu Calinescu, David Garlan (eds.)