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.
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agents agoric computation algorithm amount of memory application approach architecture arrival rate auction-based average bandwidth behavior bidder cache cell chapter communication complex Computational Ecologies Computer Networks computer system constraints control system cost decentralized delay demand distributed computer distributed systems double auction dram economic models economy equilibrium example execution Figure heterarchical IEEE implemented interaction inventory load balancing machines Manufacturing market model market-based control Market-Driven Contract market-oriented programming mechanisms megabytes memory account memory allocation memory lease memory money node offer operation optimal order estimation paradigm parameters Pareto optimal performance permits priority problem processor protocol purchase-orders queue request requestors resource allocation schedule server simulation specified strategies Sun Microsystems task announcements task description temperature tion token ring trading transaction utility function virtual circuits Xerox PARC
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