Journal of Systemics, Cybernetics and Informatics (Aug 2003)
A Software Architecture for Control of Value Production in Federated Systems
Abstract
Federated enterprises are defined as interactive commercial entities that produce products and consume resources through a network of open, free-market transactions. Value production in such entities is defined as the real-time computation of enterprise value propositions. These computations are increasingly taking place in a grid-connected space – a space that must provide for secure, real-time, reliable end-to-end transactions governed by formal trading protocols. We present the concept of a value production unit (VPU) as a key element of federated trading systems, and a software architecture for automation and control of federations of such VPUs.