Does size matter?

Abstract

Failures of the complex infrastructures society depends on having enormous human and economic cost that poses the question: Are there ways to optimize these systems to reduce the risks of failure? A dynamic model of one such system, the power transmission grid, is used to investigate the risk from failure as a function of the system size. It is found that there appears to be optimal sizes for such networks where the risk of failure is balanced by the benefit given by the size.