Optimal incentive design for distributed stabilizing control of nonlinear dynamic networks

Hunmin Kim, Minghui Zhu

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

    Abstract

    In many dynamic networks, control authorities seek for heterogeneous and even partially conflicting subobjectives. The misaligned interests threaten reliability of dynamic networks and degrade their operating performance. In this paper, we focus on design and analysis of mechanisms where a system operator provides a reward to incentivize control authorities to implement distributed stabilizing controllers. The proposed mechanisms are based on a bidding scheme where the bid of each control authority is represented by a newly derived local stability index. The mechanism induces a non-cooperative game between local control authorities while minimizing disclosures of their private information. By perturbing the game, we design an optimal incentive mechanism where the system operator can ensure network-wide stability and simultaneously maximize a social welfare while minimizing the reward size and perturbations.

    Original languageEnglish (US)
    Title of host publication54rd IEEE Conference on Decision and Control,CDC 2015
    PublisherInstitute of Electrical and Electronics Engineers Inc.
    Pages2289-2294
    Number of pages6
    ISBN (Electronic)9781479978861
    DOIs
    StatePublished - Feb 8 2015
    Event54th IEEE Conference on Decision and Control, CDC 2015 - Osaka, Japan
    Duration: Dec 15 2015Dec 18 2015

    Publication series

    NameProceedings of the IEEE Conference on Decision and Control
    Volume54rd IEEE Conference on Decision and Control,CDC 2015
    ISSN (Print)0743-1546

    Other

    Other54th IEEE Conference on Decision and Control, CDC 2015
    CountryJapan
    CityOsaka
    Period12/15/1512/18/15

    All Science Journal Classification (ASJC) codes

    • Control and Systems Engineering
    • Modeling and Simulation
    • Control and Optimization

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