DocumentCode
3524070
Title
On the emergence of oscillations in distributed resource allocation
Author
Holding, Thomas ; Lestas, Ioannis
Author_Institution
Cambridge Centre for Anal., Univ. of Cambridge, Cambridge, UK
fYear
2013
fDate
10-13 Dec. 2013
Firstpage
1025
Lastpage
1030
Abstract
We consider the problem of resource allocation in a decentralized market where users and suppliers trade for a single commodity. Due to the lack of strict concavity, convergence to the optimal solution by means of classical gradient type dynamics for the prices and demands, is not guaranteed. In the paper we explicitly characterize in this case the limiting behaviours of trajectories. Methods of modifying the dynamics are also given, such that convergence to an optimal solution is guaranteed.
Keywords
commodity trading; gradient methods; resource allocation; classical gradient type dynamics; commidity trading; decentralized market; distributed resource allocation; Asymptotic stability; Convergence; Economics; Gradient methods; Resource management; Trajectory; Vectors;
fLanguage
English
Publisher
ieee
Conference_Titel
Decision and Control (CDC), 2013 IEEE 52nd Annual Conference on
Conference_Location
Firenze
ISSN
0743-1546
Print_ISBN
978-1-4673-5714-2
Type
conf
DOI
10.1109/CDC.2013.6760017
Filename
6760017
Link To Document