Modeling Multi-commodity Trade: Information Exchange Methods

  • Mariusz Kaleta
  • Tomasz Traczyk

Part of the Advances in Intelligent and Soft Computing book series (AINSC, volume 121)

Table of contents

  1. Front Matter
    Pages 1-13
  2. Multi-commodity Market Model (M3) Fundamentals

    1. Front Matter
      Pages 1-1
    2. Mariusz Kaleta, Eugeniusz Toczyłowski
      Pages 3-19
    3. Tomasz Traczyk
      Pages 21-46
    4. Przemysław Więch, Tomasz Gidlewski
      Pages 99-111
    5. Jacek Malinowski
      Pages 113-125
  3. M3 Applications

    1. Front Matter
      Pages 127-127
    2. Mariusz Kaleta, Przemysław Kacprzak, Kamil Smolira, Eugeniusz Toczyłowski
      Pages 129-147
    3. Zbigniew Nahorski, Jarosław Stańczak, Piotr Pałka
      Pages 165-177
    4. Janusz Granat, Kamil Kołtyś, Krzysztof Pieńkosz
      Pages 179-191

About this book

Introduction

Market mechanisms are entering into new fields of economy, in which some constraints of physical world, e.g. Kirchoffs Law in power grid, must be taken into account during trading. On such markets, some of commodities, like telecommunication bandwidth or electrical energy, appear to be non-storable, and must be exchanged in real-time. On the other hand, the markets tend to react at shortest possible time, so an idea to delegate some competency to autonomous software agents is very attractive.

Multi-commodity mechanism addresses the aforementioned requirements. Modeling the relationships between the commodities allows to formulate new, more sophisticated models and mechanisms, which reflect decision situations in a better manner.

Application of multi-commodity approach requires solving several issues related to data modeling, communication, semantics aspects of communication, reliability, etc. This book answers some of the questions and points out promising paths for implementation and development. Presented solutions are based on Multi-commodity Market Model (M3 ), which enables modeling of rich variety of possible market designs.

The book contains revised versions of papers presented during scientific workshop “Modeling Multi-commodity Trade: Information exchange methods", which took place in November 2010 at Warsaw University of Technology.

Keywords

Information Exchange Methods Intelligent Computing Modeling Multi-commodity Trade Multi-commodity Infrastructural Markets

Editors and affiliations

  • Mariusz Kaleta
    • 1
  • Tomasz Traczyk
    • 2
  1. 1., Institute of Control and Computation EngWarsaw University of TechnologyWarsawPoland
  2. 2., Institute of Control and Computation EngWarsaw University of TechnologyWarszawaPoland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-25649-3
  • Copyright Information Springer-Verlag GmbH Berlin Heidelberg 2012
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Engineering
  • Print ISBN 978-3-642-25648-6
  • Online ISBN 978-3-642-25649-3
  • Series Print ISSN 1867-5662
  • Series Online ISSN 1867-5670
  • About this book