Resource allocation models
Posted: Sat Jan 08, 2000 9:37 am
Time itself may be not be a stock, but there are many resources that are not
stocks that need to be allocated (electricity, for example) The stock
verses flow characteristic of the resource is not relevant. The control of
its use is. By definition, the control is part of a feedback loop. By
definition that feedback loop has a level. Whether its direct us in the
allocation is implicit as in the case of a backlog, or explicit as in the
case of marginally changing allocation fractions, a level is needed. No
decision can be based on the instantaneous flow. There must be a marginal
change and a level accumulating the impact of that marginal change -- for
further correction via feedback based on that level. Only if the time
constants of the problem are so long that the allocation does not really
matter to the problem solution , does a instantaneous allocation algorithm
make sense. Do note, however, that the allocation itself is always
instantaneous. It is the change in that allocation process that requires the
level.
George Backus, President
Policy Assessment Corporation
14604 West 62nd Place
Arvada, CO 80004-3621
Bus: 303-467-3566
Fax: 303-467-3576
Cell: 303-807-8579
Email: George_Backus@ENERGY2020.com
stocks that need to be allocated (electricity, for example) The stock
verses flow characteristic of the resource is not relevant. The control of
its use is. By definition, the control is part of a feedback loop. By
definition that feedback loop has a level. Whether its direct us in the
allocation is implicit as in the case of a backlog, or explicit as in the
case of marginally changing allocation fractions, a level is needed. No
decision can be based on the instantaneous flow. There must be a marginal
change and a level accumulating the impact of that marginal change -- for
further correction via feedback based on that level. Only if the time
constants of the problem are so long that the allocation does not really
matter to the problem solution , does a instantaneous allocation algorithm
make sense. Do note, however, that the allocation itself is always
instantaneous. It is the change in that allocation process that requires the
level.
George Backus, President
Policy Assessment Corporation
14604 West 62nd Place
Arvada, CO 80004-3621
Bus: 303-467-3566
Fax: 303-467-3576
Cell: 303-807-8579
Email: George_Backus@ENERGY2020.com