Market-Based Control: A Paradigm for Distributed Resource Allocation

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.

Product details

• Assisted by: Scott H Clearwater (Editor), Scott H. Clearwater (Editor), James J Yeh (Editor), James J. Yeh (Editor)
• Publisher: World Scientific Publishing Company
• Languages: English
• Product format: Hardback
• Released: 01.01.1996
• EAN: 9789810222543
• ISBN: 978-981-02-2254-3
• No. of pages: 328
• Dimensions: 162 mm x 217 mm x 23 mm
• Weight: 585 g
• Subjects: Natural sciences, medicine, IT, technology > Mathematics > General, dictionaries; Social sciences, law, business > Business > Management