Mechanism Design Theory in Control Engineering: A Tutorial and Overview of Applications in Communication, Power Grid, Transportation, and Security Systems

This article provides an introduction to the theory of mechanism design and its application to engineering problems. Our aim is to provide the fundamental principles of mechanism design for control engineers and theorists, along with state-of-the-art methods in engineering applications. We start our...

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Bibliographic Details
Published in:IEEE control systems Vol. 44; no. 1; pp. 20 - 45
Main Authors: Chremos, Ioannis Vasileios, Malikopoulos, Andreas A.
Format: Magazine Article
Language:English
Published: New York The Institute of Electrical and Electronics Engineers, Inc. (IEEE) 01.02.2024
Subjects:
Communication networks
Game theory
Principles
Security systems
ISSN:1066-033X, 1941-000X
Online Access:Get full text
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Summary:This article provides an introduction to the theory of mechanism design and its application to engineering problems. Our aim is to provide the fundamental principles of mechanism design for control engineers and theorists, along with state-of-the-art methods in engineering applications. We start our exposition with a brief overview of game theory, highlighting the fundamental notions necessary to introduce mechanism design. Then, we offer a comprehensive discussion of the principles of mechanism design. Finally, we explore four key applications in engineering, that is, communication networks, power grids, transportation, and security systems.
Bibliography:ObjectType-Article-1
ObjectType-Feature-2
content type line 24
SourceType-Magazines-1
ISSN:1066-033X
1941-000X
DOI:10.1109/MCS.2023.3329919