Modeling and Control for Dynamic Market Price in the Demand and Supply Model

Takaharu Miura, Syuhei Nakagawa, Hiromitsu Ohmori, Akira Sano

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Recent years, research of the modeling and control of the economic system using the multi-agent is done briskly. It is difficult for us to model and control economic system so-called the large-scale complex system because of variety of the system. When we discribe generating of the market price from demand-supply relation for each buyer and seller in a certain market, we regard controling the system as "resource allocation problem" in this paper. Then the solution is found. The solution is use of market-based control. In this paper, we build the model which catches the essence of phenomenon, and propose general method using market-based control.

Original languageEnglish
Title of host publicationProceedings of the 6th Joint Conference on Information Sciences, JCIS 2002
EditorsJ.H. Caulfield, S.H. Chen, H.D. Cheng, R. Duro, J.H. Caufield, S.H. Chen, H.D. Cheng, R. Duro, V. Honavar
Pages1139-1142
Number of pages4
Publication statusPublished - 2002 Dec 1
EventProceedings of the 6th Joint Conference on Information Sciences, JCIS 2002 - Research Triange Park, NC, United States
Duration: 2002 Mar 82002 Mar 13

Publication series

NameProceedings of the Joint Conference on Information Sciences
Volume6

Other

OtherProceedings of the 6th Joint Conference on Information Sciences, JCIS 2002
CountryUnited States
CityResearch Triange Park, NC
Period02/3/802/3/13

Keywords

  • Complex system
  • Dynamic market price
  • Market-based control
  • Multi-agent
  • Resource allocation problem

ASJC Scopus subject areas

  • Computer Science(all)

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  • Cite this

    Miura, T., Nakagawa, S., Ohmori, H., & Sano, A. (2002). Modeling and Control for Dynamic Market Price in the Demand and Supply Model. In J. H. Caulfield, S. H. Chen, H. D. Cheng, R. Duro, J. H. Caufield, S. H. Chen, H. D. Cheng, R. Duro, & V. Honavar (Eds.), Proceedings of the 6th Joint Conference on Information Sciences, JCIS 2002 (pp. 1139-1142). (Proceedings of the Joint Conference on Information Sciences; Vol. 6).