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Definition of "price method coordination" |
coordination by the price method amounts to iterating the coordination variables (dual coordination instruments) defined as the vector of prices by which the local interaction inputs to the subprocesses as well as their outputs are multiplied and added to the local performance criteria; these local criteria are then minimized with respect to the local decisions and the results are passed to the coordinator. The coordinator iterates the values of prices until the interaction equations and, if needed, any other coupling constraints are satisfied. |
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