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.
| Category | Working Paper |
| Authors | Grum, Marcus; Dehnert, Maik; Vollmer, Frederick; Mingxian, Zhao |
| Date | 09/2016 |
| Keywords | cyber-physical production system, market mechanism, coordination framework |
| BibTex |
@techreport{techreport,author = {Grum, Marcus and Dehnert, Maik and Vollmer, Frederick and Mingxian, Zhao}, title = {The Conception of a Cyber-Physical Market Model as Coordination Instrument for Production Systems}, institution = {Working paper Chair of Business Informatics, Processes and Systems}, number = {WI 2016-02}, year = {2016}, month = {9}, keywords = {cyber-physical production system, market mechanism, coordination framework}}
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