Items related to MARKET-BASED CONTROL: A PARADIGM FOR DISTRIBUTED RESOURCE...

MARKET-BASED CONTROL: A PARADIGM FOR DISTRIBUTED RESOURCE ALLOCATION - Hardcover

 
9789810222543: MARKET-BASED CONTROL: A PARADIGM FOR DISTRIBUTED RESOURCE ALLOCATION

Synopsis

Market-Based Control is a paradigm for controlling complex systems that would otherwise be very difficult to control, maintain, or expand. The purpose of this volume is to illustrate the utility of market-based control through a series of papers focusing on different applications. This volume, for the first time, brings together the research from a wide range of fields all using a market-based conceptual framework. The features of markets that have provided motivation for these works include decentralization, interacting agents, and some notion of a resource that needs to be allocated. The papers span a range including theoretical considerations, simulations, and implementations.

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