Grum, Marcus | Dehnert, Maik | Vollmer, Frederick | Mingxian, Zhao

The Conception of a Cyber-Physical Market Model as Coordination Instrument for Production Systems

Abstract

As traditional production components are considered as cyber- physical systems (CPS), they become intelligent and decide for themselves. Interacting within a cyber-physical production system (CPPS), each is following individual objectives and a coordination framework for the entire production context is needed w.r.t. the company’s global objectives. In accordance to real market applications, the following project introduces a concept for a cyber- physical market (CPM). This considers each CPS as market participant having an individual demand and supply such that well known market mechanisms serve to coordinate and optimize the entire CPPS.