Economics in the Loop

Modern cyber-physical systems are given expanded scope and greater flexibility by including dynamic pricing signals, financial information, and economic attributes as integral feedback components. The integration of such dynamic value-based parameters provides a wealth of new computationally intelligent behavior dynamics and dimensions of control that enriches the cyber physical eco-system. Understanding and applying economic signals in the feedback loop enables cost optimization and balancing aspects that have become particularly important in modern cost goal orientated systems such as transactive control and blockchain trading technologies.