Market-Based Control: A Paradigm for Distributed Resource Allocation

ISBN 10: 9810222548 / ISBN 13: 9789810222543
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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.

Review: "This volume is an excellent primer on the theory and use of one class of such mechanisms ... This volume should be required reading for anyone responsible for specifying, designing, implementing, or operating multi-agent systems." -- H. Van Dyke Parunak, Computing Reviews, 1996

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ISBN 10: 9810222548 ISBN 13: 9789810222543
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