• 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