Reference : A new approach for optimal control using market-based algorithms
Scientific congresses, symposiums and conference proceedings : Paper published in a book
Engineering, computing & technology : Electrical & electronics engineering
A new approach for optimal control using market-based algorithms
Voos, Holger mailto [University of Luxembourg > Faculty of Science, Technology and Communication (FSTC) > Engineering Research Unit >]
Litz, Lothar [TU Kaiserslautern]
European Control Conference, Karlsruhe, Germany, 1999
European Control Conference
[en] Control Engineering ; Market-based Control ; Optimal Control
[en] A new method for distributed resource allocation is called
market{based control. Market{based control systems im-
itate the behavior of an economic system; some applica-
tions of this method exist in the eld of distributed com-
puter and telecommunications systems. A new eld of
application is the control of dynamic systems. In this
work, the market{based approach is used for optimal con-
trol which is still one of the important methods of control
theory. Unfortunately, even though most researchers in
this area deal with complex systems, they omit the math-
ematical background. For this reason, our work focuses
on a mathematical description of a market{based control
algorithm especially for linear dynamic systems in order
to explain the relationship between economic and control
systems. It is shown that the optimal control problem can
be considered as a special kind of a resource distribution
problem. Therefore, the fact that in economic systems re-
sources are optimally distributed in a decentralized man-
ner even in large and complex systems is very interesting.
The obtained algorithm in the case of a linear system is
characterized by a very e ective computation and easy

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