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Title: The Abstract Machine Model for Transaction-based System Control

Abstract

Recent work applying statistical mechanics to economic modeling has demonstrated the effectiveness of using thermodynamic theory to address the complexities of large scale economic systems. Transaction-based control systems depend on the conjecture that when control of thermodynamic systems is based on price-mediated strategies (e.g., auctions, markets), the optimal allocation of resources in a market-based control system results in an emergent optimal control of the thermodynamic system. This paper proposes an abstract machine model as the necessary precursor for demonstrating this conjecture and establishes the dynamic laws as the basis for a special theory of emergence applied to the global behavior and control of complex adaptive systems. The abstract machine in a large system amounts to the analog of a particle in thermodynamic theory. The permit the establishment of a theory dynamic control of complex system behavior based on statistical mechanics. Thus we may be better able to engineer a few simple control laws for a very small number of devices types, which when deployed in very large numbers and operated as a system of many interacting markets yields the stable and optimal control of the thermodynamic system.

Authors:
Publication Date:
Research Org.:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
969749
Report Number(s):
PNNL-14082
TRN: US201002%%246
DOE Contract Number:  
AC05-76RL01830
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ADAPTIVE SYSTEMS; CONTROL SYSTEMS; ECONOMIC ANALYSIS; OPTIMAL CONTROL; STATISTICAL MECHANICS; THERMODYNAMICS; MARKET; ALLOCATIONS; power systems, abstract machine, market-based control

Citation Formats

Chassin, David P. The Abstract Machine Model for Transaction-based System Control. United States: N. p., 2003. Web. doi:10.2172/969749.
Chassin, David P. The Abstract Machine Model for Transaction-based System Control. United States. doi:10.2172/969749.
Chassin, David P. Fri . "The Abstract Machine Model for Transaction-based System Control". United States. doi:10.2172/969749. https://www.osti.gov/servlets/purl/969749.
@article{osti_969749,
title = {The Abstract Machine Model for Transaction-based System Control},
author = {Chassin, David P.},
abstractNote = {Recent work applying statistical mechanics to economic modeling has demonstrated the effectiveness of using thermodynamic theory to address the complexities of large scale economic systems. Transaction-based control systems depend on the conjecture that when control of thermodynamic systems is based on price-mediated strategies (e.g., auctions, markets), the optimal allocation of resources in a market-based control system results in an emergent optimal control of the thermodynamic system. This paper proposes an abstract machine model as the necessary precursor for demonstrating this conjecture and establishes the dynamic laws as the basis for a special theory of emergence applied to the global behavior and control of complex adaptive systems. The abstract machine in a large system amounts to the analog of a particle in thermodynamic theory. The permit the establishment of a theory dynamic control of complex system behavior based on statistical mechanics. Thus we may be better able to engineer a few simple control laws for a very small number of devices types, which when deployed in very large numbers and operated as a system of many interacting markets yields the stable and optimal control of the thermodynamic system.},
doi = {10.2172/969749},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2003},
month = {1}
}

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