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Reporting on original research, this paper takes a new look at classical theory on the nature of competition. Using the electricity sector as a case study, this work develops an outline set of “new” competitive forces centred on the reinvention of individual organisations, rather than wide‐scale interactive competition.

This paper aims to describe a high-level model portraying the relationships between operational, investment, commercial and regulatory pressures, and reports the early findings from testing alternative strategies, both over the long- and short-term. Concern about the vulnerability of utility networks (electricity, gas and water) and other infrastructures, including transport and telecommunications, to environmental, terrorist and other threats has increased in recent years. This has been motivated both by a perceived increase in such threats and by recognition that the commercial pressures and regulation of companies operating these infrastructures could unintentionally have increased that risk. Powerful simulation tools already help utility operators develop asset investment polices to improve both the performance and resilience of their networks, while others have helped increase their capability to respond efficiently when disruptive events occur. However, these tools need to be further developed to increase understanding of how the interdependencies between operational, investment, commercial and regulatory pressures influence and eventually define the strategic policies available to these organisations and what the long-run consequences will be for the resilience of these systems and hence for service continuity.

Use of system dynamics methods and tools to develop a new approach to strategy and policy development for risk management for organisations operating the critical national infrastructure.

System dynamics is a valid approach to address the problem of understanding risk and developing risk mitigation and management strategies for organisations operating the critical national infrastructure. To develop policies that will effectively manage and mitigate risk in the critical national infrastructure, it is essential to identify and model the interactions and interdependencies between the organisational, investment, commercial and regulatory factors.

The research has developed a proof-of-concept model and set of simulation tools which produce good results using test data from one type of organisation operating in the critical national infrastructure. The model has not been tested using data from other types of organisations. Similarly, the software written in the model has not been tested in operational conditions and further testing will be required.

The model at the moment can only be applied to single organisation. The interactions between organisations are not in scope.

Although some work in the field using simulation tools and methods has been done in the USA, the use of system dynamics and its application to the specific situation on the UK and Europe is new. The model uses earlier work which applied system dynamics to the subject of asset investment planning, but is a major step forward from this work. Risk and resilience is one of the major challenges facing operators of the critical national structure. This work will be of potential value to all these organisations.

IT is very appropriate that this number of THE LIBRARY WORLD should be devoted to the subject of cataloguing. This has become current in a special degree owing to the activity of the A.L.A. and the L.A. committees on both sides of the Atlantic, who are engaged in reviewing the Anglo‐American Code of Cataloguing Rules. Cataloguing is a subject that figures more in the minds of candidates for examinations than it does in the average conversations of librarians, but there is no more important subject in the librarian's life and no more significant activity. Our readers may not accept the implications of the somewhat vigorous “Letters on Our Affairs” which appear in this number, but it could be urged that there are many things to consider in cataloguing which have immediate importance. The matter was a simple one in former days. Forty years ago every library in this country of any size found it possible to issue a printed catalogue of some sort or other. The objections to these printed catalogues are commonplace to‐day; they were expensive, their cost was not recovered by sales, and they were incomplete from the beginning. The point is that libraries somehow managed to publish them, and those libraries were, as our correspondent suggests, of as good service to literature in its best sense as are present libraries.