Title:

Proceedings of the 3rd Italian-Polish conference on applications of systems theory to economy, management and technology: Białowieża, Poland, May 26-31, 1976 * Optimization and control theory * Coordination by price methods

Subtitle:

Książka = Book ; KS/1/1977/R01P02

Creator:

Findeisen, Władysław

Publisher:

Instytut Badań Systemowych. Polska Akademia Nauk ; Systems Research Institute. Polish Academy of Sciences

Place of publishing:

Warszawa

Date issued/created:

1977

Description:

[4], 32-47 pages ; 21 cm ; Bibliography p. 46-47

Type of object:

Book/Chapter

Abstract:

Coordination of complex systems activity by means of prices has been known to practice for a long time. Later on, lagrangian multipliers (identifiable with prices) have been used in coordination of decomposed mathematical programming problems. Almost in parellel, prices have appeared as one of the possible coordination instruments for on-line control structures, using feedback from the reality. The paper presents a survey or cross-section of all those applications of price instruments: the "tatónnement" procedures and open loop control for static and dynamie systems; price coordination with feedback to the coordinator; price coordination with feedback to the lower-level decision maker (partly or fully decentralised control); dynamie coordination by price method.

Relation:

Książka = Book

Resource type:

Text

Detailed Resource Type:

Book

Source:

KS-1977-01-R01P02

Language:

eng

Language of abstract:

eng

Rights:

Creative Commons Attribution BY 4.0 license

Terms of use:

Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at: ; -

Digitizing institution:

Systems Research Institute of the Polish Academy of Sciences

Original in:

Library of Systems Research Institute PAS

Projects co-financed by:

Operational Program Digital Poland, 2014-2020, Measure 2.3: Digital accessibility and usefulness of public sector information; funds from the European Regional Development Fund and national co-financing from the state budget.

Access:

Open