Market-based Control: A Paradigm for Distributed Resource Allocation

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World Scientific, 1996 - Technology & Engineering - 311 pages
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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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Contents

Valuation of Network Computing Resources
28
An Equilibratory MarketBased Approach for Distributed
53
Some Early Lessons
74
An Automated Auction in ATM Network Bandwidth
96
A Market Approach to Operating System Memory Allocation
126
Economic Models for Allocating Resources in Computer Systems
156
A Case Study where Agents Bid with
184
Machining Task Allocation in Discrete Manufacturing Systems
224
Saving Energy Using MarketBased Control
253
The Use of ComputerAssisted Auctions for Allocating
274
Index
301
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