Microeconomic distributed control: Theory and application of multi-agent electronic markets

Hans Akkermans, Jos Schreinemakers, Koen Kok

Onderzoeksoutput: Hoofdstuk in Boek/Rapport/CongresprocedureConferentiebijdrageAcademicpeer review


We discuss the theoretical foundations of distributed large-scale control. Our approach is to integrate multiagent microeconomic market theory with control theory, such that online adaptive control is economically optimal at the overall systems level. A central result is the derivation of a general market theorem that proves two important properties about this agent-based microeconomic control:(1) computational economies with dynamic pricing mechanisms are able to handle scarce resources for control adaptively in ways that are optimal locally as well as globally (‘societally’);(2) in the absence of resource constraints the total system acts as collection of local independent controllers that behave in accordance with conventional control engineering theory. We further derive some analytical results for the market-based control outcome, the clearing price, and hierarchical versus decentralized emergent control.
Originele taal-2Engels
TitelProceedings of CRIS 2004-2nd International Conference on Critical Infrastructures
StatusGepubliceerd - 2004
Extern gepubliceerdJa
EvenementSecuring Critical Infrastructures CRIS - Grenoble, Frankrijk
Duur: 25 okt. 200427 okt. 2004


CongresSecuring Critical Infrastructures CRIS


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