Market-based Control: A Paradigm for Distributed Resource Allocation

✍ Scribed by Scott H. Clearwater

• Publisher: World Scientific
• Tongue: English
• Leaves: 329
• Category: Library

✦ 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.

✦ Table of Contents

1. A Computational Market Model Based on Individual Action

2. Valuation of Network Computing Resources

3. An Equilibratory Market-Based Approach for Distributed Resource Allocation and Its Applications to Communication Network Control

4. Market-Oriented Programming: Some Early Lessons

5. An Automated Auction in ATM Network Bandwidth

6. A Market Approach to Operating System Memory Allocation

7. Economic Models for Allocating Resources in Computer Systems

8. Metaphor or Reality: A Case Study where Agents Bid with Actual Costs to Schedule a Factory

9. Machining Task Allocation in Discrete Manufacturing Systems

10. Saving Energy Using Market-Based Control

11. The Use of Computer-Assisted Auctions for Allocating Tradeable Pollution Permits