Value of Information in Feedback Control
Baras, John, S.
In this article, we investigate the impact of information on networked control systems, and illustrate how to quantify a fundamental property of stochastic processes that can enrich our understanding about such systems. To that end, we develop a theoretical framework for the joint design of an event trigger and a controller in optimal event-triggered control. We cover two distinct information patterns: perfect information and imperfect information. In both cases, observations are available at the event trigger instantly, but are transmitted to the controller sporadically with one-step delay. For each information pattern, we characterize the optimal triggering policy and optimal control policy such that the corresponding policy proﬁle represents a Nash equilibrium. Accordingly, we quantify the value of information VoIk as the variation in the cost-to-go of the system given an observation at time k. Finally, we provide an algorithm for approximation of the value of information, and synthesize a closed-form suboptimal triggering policy with a performance guarantee that can readily be implemented.