G-2014-87
Decentralized stochastic control
and BibTeX reference
Decentralized stochastic control refers to the multi-stage optimization of a dynamical system by multiple controllers that have access to different information. Decentralization of information gives rise to new conceptual challenges that require new solution approaches. In this expository paper, we use the notion of an information-state to explain the two commonly used solution approaches to decentralized control: the person-by-person approach and the common-information approach.
Published November 2014 , 19 pages
Research Axis
Research applications
Publication
Jun 2016
and
Annals of Operations Research, 241(1), 109–126, 2016
BibTeX reference
Document
G1487.pdf (700 KB)