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A framework for identifying suitable cases for using market-based approaches in industrial data acquisition


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Article

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Authors

Jess, Torben 
Woodal, Philip 

Abstract

Various researchers have suggested concepts for the application of market-based techniques for data management and data acquisition. However, very few concepts have successfully been implemented and shown a positive practical impact. This can partially be attributed to the lack of existing techniques in identifying appropriate scenarios. Using knowledge from existing successful market implementations in data acquisition, data management and related areas, this paper aims to close this gap. It develops a framework for identifying scenarios applicable for a market-based data acquisition approach. It finds that a heterogeneous environment with distributed decision-making based on partial information combined with assumptions about the users knowledge about the data he is using, can give a good indication for the application of market-based data acquisition approaches. The developed framework is applied towards two sample scenarios.

Description

This is the author accepted manuscript. The final version is available from the Library and Information Statistics Unit, Loughborough University via http://dx.doi.org/ https://idimc.files.wordpress.com/2015/09/idimc2014_proceedings1.pdf

Keywords

market-based algorithms, data management, data acquisition

Journal Title

International Data and Information Management Conference (IDIMC) 2014

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Publisher

Library and Information Statistics Unit, Loughborough University

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