Robert L. Smith, University of Michigan

A Fictitious Play Approach to Complex Systems Optimization
Oct 24, 2006, 4:30 pm5:30 pm
E219 - Engineering Quadrangle
Event Description

Abstract: Complex systems consisting of a large number of interacting components are in practice increasingly modeled through computer simulations rather than via traditional equation based approaches. The resulting model typically allows for little or no structural as- sumptions on the form of the objective function or constraints, thus posing a challenging optimization problem. We explore in this talk a novel optimization paradigm inherited from game theory that animates the components of the system within a non-cooperative game of identical interest. The optimizations take place though individual best replies of the players, thus vastly reducing the dimensionality of the optimization problems solved (the components joint interactions are reflected indirectly through their shared objective function). We will illustrate the approach by discussing an application to a joint produc- tion systems optimization project within the GM Collaborative Research Laboratory at the University of Michigan.

Event Category
ORFE Department Colloquia