Market-Based Control: A Paradigm for Distributed Resource Allocation (Hardcover) (ISBN-13: 9789810222543)

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.

Author: Scott H. Clearwater
ISBN-10: 9810222548
ISBN-13: 9789810222543
Publisher: World Scientific Publishing Company
Language: English
Published: 01/01/1996
Pages: 328
Format: Hardcover
Weight: 1.29lbs
Size: 8.54h x 6.36w x 0.89d