Publication

Centralized Versus Decentralized Control - A Solvable Stylized Model in Transportation

Olivier Gallay
2010
Talks

Abstract

To analyze the potential outcomes resulting from interaction between autonomous decision-making "smart parts" in logistics networks, we propose here an exactly solvable stylized model that is able to quantify how much the dynamics can be enhanced by (fully decentralized) agent-based mechanisms. Cost functions are introduced in order to compare the performances of centralized versus decentralized organization and we are enable to conclude that for time horizons shorter than a critical value, multi-agent interactions generate smaller costs that an optimal effective central controller.

Official source

https://infoscience.epfl.ch/entities/publication/f52d706a-21d3-4e54-bbf2-00c420bf83fd

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Olivier Gallay
2010
Talks

Abstract

Official source

https://infoscience.epfl.ch/entities/publication/f52d706a-21d3-4e54-bbf2-00c420bf83fd

About this result

Related concepts (17)

Decentralization

Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it. Concepts of decentralization have been applied to group dynamics and management science in private businesses and organizations, political science, law and public administration, technology, economics and money.

Economic planning

Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of socially owned organizations which together comprise the productive apparatus of the economy.

Centralisation

Centralisation or centralization (see spelling differences) is the process by which the activities of an organisation, particularly those regarding planning and decision-making, framing strategy and policies become concentrated within a particular geographical location group. This moves the important decision-making and planning powers within the center of the organisation. The term has a variety of meanings in several fields. In political science, centralisation refers to the concentration of a government's power—both geographically and politically—into a centralised government.

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Centralized Versus Decentralized Control - A Solvable Stylized Model in Transportation

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