Isomorphological analysis: The tough knocks of experience found through practice

Jaime Cantu, Mario Beruvides

Research output: Chapter in Book/Report/Conference proceedingConference contribution

3 Scopus citations

Abstract

Isomorphisms are difficult to detect and analyze, yet researchers have attempted to create a methodology for Isomorphological Analysis. The following research is a case study using the commodities of grain, cotton and lumber. Grain and cotton commodities have traditionally been associated along with their economic modeling tools. Yet, cotton may be isomorphic with respect to its agricultural processing and economic behavior with other commodities such as lumber. The purpose of this research is to identify and test for structural similarities (isomorphisms) in different commodities and determine if those financial tools may have crossover applications. Isomorphisms between lumber and cotton systems are observed and compared using non-parametric statistics. Results suggest that over a six year period, cotton is moving away from acting as seasonally produced commodity due to international market demand for cotton futures. If cotton is not acting as a seasonally produced and stored commodity such as grain, what assumptions and financial tools should be changed and used to reflect its current market reality. This is important to technical management because the proper use of economic modeling and assumptions with similar characteristics can lead to better handling of complex technical systems and improved predictive methods of system performance.

Original languageEnglish
Title of host publicationInternational Annual Conference of the American Society for Engineering Management 2013, ASEM 2013
PublisherAmerican Society for Engineering Management
Pages660-667
Number of pages8
ISBN (Print)9781632660541
StatePublished - 2013
EventInternational Annual Conference of the American Society for Engineering Management 2013, ASEM 2013 - Minneapolis, MN, United States
Duration: Oct 3 2013Oct 5 2013

Publication series

NameInternational Annual Conference of the American Society for Engineering Management 2013, ASEM 2013

Conference

ConferenceInternational Annual Conference of the American Society for Engineering Management 2013, ASEM 2013
CountryUnited States
CityMinneapolis, MN
Period10/3/1310/5/13

Keywords

  • Commodity economics
  • Isomorphism
  • Systems dynamics
  • Systems theory

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  • Cite this

    Cantu, J., & Beruvides, M. (2013). Isomorphological analysis: The tough knocks of experience found through practice. In International Annual Conference of the American Society for Engineering Management 2013, ASEM 2013 (pp. 660-667). (International Annual Conference of the American Society for Engineering Management 2013, ASEM 2013). American Society for Engineering Management.