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- W62382018 abstract "Publisher Summary This chapter describes the price coordination mechanism for hierarchical decision making and discusses the way in which the results of coordination may be useful in determining where structural changes—if possible—should be made in the dynamic system to achieve better performance. By properly adapting the price mechanism, a two-level structure for complex systems can be developed with inventories. In this structure, hierarchical optimization is used periodically at the higher level, and lower-level controllers track the model optimal inventory level with reasonable accuracy based on on-line measurements. The chapter presents a brief description of the interaction balance method (IBM)—the basic hierarchical optimization algorithm in which price coordination is used." @default.
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- W62382018 date "1982-01-01" @default.
- W62382018 modified "2023-09-26" @default.
- W62382018 title "Hierarchical Control and Coordination in Dynamical Systems" @default.
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- W62382018 doi "https://doi.org/10.1016/b978-0-12-680760-8.50014-2" @default.
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