The competitiveness of the US textile and apparel industry will increase through knowledge of conditions of competitive exclusion among technologies. Failure by a company to choose a viable technology for its market may force the company to make a second, near term purchase to remain in the market or face elimination from the market by companies which have chosen successfully. The model should predict the effect of new technologies on the structure of the national and international textile markets. Traditional economics views the economy as a hierarchically organized mechanism, designed to produce the maximum possible profit at each level. All inputs, outputs, and constraints are assumed to be quantified, and this information should be sufficient to find an optimal economic strategy.
Economic science faces the challenge of modeling non-equilibrium evolving markets.
There are several alternatives to mechanistic modeling. The second approach is to assume self-organization in economic systems, i.e., emergence of global structures from the behavior of agents that follow simple rules. For example, Brannon et al. This is a credible way of modeling economic systems, but it has some limitations. Because the model is at the same level of complexity as the original system, its explanatory potential is limited.