{"id":"https://openalex.org/W2560335297","doi":"https://doi.org/10.1109/tcst.2016.2632524","title":"Feedback Controllers as Financial Advisors for Low-Income Individuals","display_name":"Feedback Controllers as Financial Advisors for Low-Income Individuals","publication_year":2016,"publication_date":"2016-12-09","ids":{"openalex":"https://openalex.org/W2560335297","doi":"https://doi.org/10.1109/tcst.2016.2632524","mag":"2560335297"},"language":"en","primary_location":{"id":"doi:10.1109/tcst.2016.2632524","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tcst.2016.2632524","pdf_url":null,"source":{"id":"https://openalex.org/S133363738","display_name":"IEEE Transactions on Control Systems Technology","issn_l":"1063-6536","issn":["1063-6536","1558-0865","2374-0159"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Control Systems Technology","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://etd.ohiolink.edu/acprod/odb_etd/ws/send_file/send?accession=osu1429614036&disposition=inline","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5084424569","display_name":"Hugo Gonzalez Villasanti","orcid":"https://orcid.org/0000-0001-9093-9852"},"institutions":[{"id":"https://openalex.org/I52357470","display_name":"The Ohio State University","ror":"https://ror.org/00rs6vg23","country_code":"US","type":"education","lineage":["https://openalex.org/I52357470"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Hugo Gonzalez Villasanti","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Ohio State University, Columbus, OH, USA"],"raw_orcid":"https://orcid.org/0000-0001-9093-9852","affiliations":[{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Ohio State University, Columbus, OH, USA","institution_ids":["https://openalex.org/I52357470"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5043940203","display_name":"Kevin M. Passino","orcid":"https://orcid.org/0000-0003-3918-5391"},"institutions":[{"id":"https://openalex.org/I52357470","display_name":"The Ohio State University","ror":"https://ror.org/00rs6vg23","country_code":"US","type":"education","lineage":["https://openalex.org/I52357470"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Kevin M. Passino","raw_affiliation_strings":["Department of Electrical and Computer Engineering, Ohio State University, Columbus, OH, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Electrical and Computer Engineering, Ohio State University, Columbus, OH, USA","institution_ids":["https://openalex.org/I52357470"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.5976,"has_fulltext":true,"cited_by_count":7,"citation_normalized_percentile":{"value":0.88633231,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"25","issue":"6","first_page":"2194","last_page":"2201"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.996399998664856,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.996399998664856,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9861000180244446,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11886","display_name":"Agricultural risk and resilience","score":0.9546999931335449,"subfield":{"id":"https://openalex.org/subfields/1111","display_name":"Soil Science"},"field":{"id":"https://openalex.org/fields/11","display_name":"Agricultural and Biological Sciences"},"domain":{"id":"https://openalex.org/domains/1","display_name":"Life Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pid-controller","display_name":"PID controller","score":0.7089685797691345},{"id":"https://openalex.org/keywords/robustness","display_name":"Robustness (evolution)","score":0.5795437693595886},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5207383632659912},{"id":"https://openalex.org/keywords/model-predictive-control","display_name":"Model predictive control","score":0.5101678371429443},{"id":"https://openalex.org/keywords/control-theory","display_name":"Control theory (sociology)","score":0.5061468482017517},{"id":"https://openalex.org/keywords/flexibility","display_name":"Flexibility (engineering)","score":0.5026180744171143},{"id":"https://openalex.org/keywords/benchmark","display_name":"Benchmark (surveying)","score":0.49565374851226807},{"id":"https://openalex.org/keywords/controller","display_name":"Controller (irrigation)","score":0.4609771966934204},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.4070514142513275},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.3575587868690491},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.35244378447532654},{"id":"https://openalex.org/keywords/control-engineering","display_name":"Control engineering","score":0.3370034396648407},{"id":"https://openalex.org/keywords/control","display_name":"Control (management)","score":0.22872483730316162},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.210638165473938},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.18326422572135925}],"concepts":[{"id":"https://openalex.org/C47116090","wikidata":"https://www.wikidata.org/wiki/Q716829","display_name":"PID controller","level":3,"score":0.7089685797691345},{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.5795437693595886},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5207383632659912},{"id":"https://openalex.org/C172205157","wikidata":"https://www.wikidata.org/wiki/Q1782962","display_name":"Model predictive control","level":3,"score":0.5101678371429443},{"id":"https://openalex.org/C47446073","wikidata":"https://www.wikidata.org/wiki/Q5165890","display_name":"Control theory (sociology)","level":3,"score":0.5061468482017517},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.5026180744171143},{"id":"https://openalex.org/C185798385","wikidata":"https://www.wikidata.org/wiki/Q1161707","display_name":"Benchmark (surveying)","level":2,"score":0.49565374851226807},{"id":"https://openalex.org/C203479927","wikidata":"https://www.wikidata.org/wiki/Q5165939","display_name":"Controller (irrigation)","level":2,"score":0.4609771966934204},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4070514142513275},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.3575587868690491},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35244378447532654},{"id":"https://openalex.org/C133731056","wikidata":"https://www.wikidata.org/wiki/Q4917288","display_name":"Control engineering","level":1,"score":0.3370034396648407},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.22872483730316162},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.210638165473938},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.18326422572135925},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C13280743","wikidata":"https://www.wikidata.org/wiki/Q131089","display_name":"Geodesy","level":1,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0},{"id":"https://openalex.org/C536315585","wikidata":"https://www.wikidata.org/wiki/Q7698332","display_name":"Temperature control","level":2,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C6557445","wikidata":"https://www.wikidata.org/wiki/Q173113","display_name":"Agronomy","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/tcst.2016.2632524","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tcst.2016.2632524","pdf_url":null,"source":{"id":"https://openalex.org/S133363738","display_name":"IEEE Transactions on Control Systems Technology","issn_l":"1063-6536","issn":["1063-6536","1558-0865","2374-0159"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Control Systems Technology","raw_type":"journal-article"},{"id":"pmh:oai:etd.ohiolink.edu:osu1429614036","is_oa":true,"landing_page_url":"http://rave.ohiolink.edu/etdc/view?acc_num=osu1429614036","pdf_url":"https://etd.ohiolink.edu/acprod/odb_etd/ws/send_file/send?accession=osu1429614036&disposition=inline","source":{"id":"https://openalex.org/S4377196344","display_name":"OhioLink ETD Center (Ohio Library and Information Network)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210155183","host_organization_name":"Ohio Library and Information Network","host_organization_lineage":["https://openalex.org/I4210155183"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://rave.ohiolink.edu/etdc/view?acc_num=osu1429614036","raw_type":"text"}],"best_oa_location":{"id":"pmh:oai:etd.ohiolink.edu:osu1429614036","is_oa":true,"landing_page_url":"http://rave.ohiolink.edu/etdc/view?acc_num=osu1429614036","pdf_url":"https://etd.ohiolink.edu/acprod/odb_etd/ws/send_file/send?accession=osu1429614036&disposition=inline","source":{"id":"https://openalex.org/S4377196344","display_name":"OhioLink ETD Center (Ohio Library and Information Network)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210155183","host_organization_name":"Ohio Library and Information Network","host_organization_lineage":["https://openalex.org/I4210155183"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://rave.ohiolink.edu/etdc/view?acc_num=osu1429614036","raw_type":"text"},"sustainable_development_goals":[{"score":0.75,"display_name":"No poverty","id":"https://metadata.un.org/sdg/1"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2560335297.pdf","grobid_xml":"https://content.openalex.org/works/W2560335297.grobid-xml"},"referenced_works_count":26,"referenced_works":["https://openalex.org/W373450089","https://openalex.org/W1505806878","https://openalex.org/W1534112379","https://openalex.org/W1542028327","https://openalex.org/W1576452626","https://openalex.org/W1603207464","https://openalex.org/W1964377184","https://openalex.org/W1996077305","https://openalex.org/W2005158847","https://openalex.org/W2005829670","https://openalex.org/W2009383085","https://openalex.org/W2046507863","https://openalex.org/W2052239955","https://openalex.org/W2068745433","https://openalex.org/W2098432798","https://openalex.org/W2134673975","https://openalex.org/W2143955866","https://openalex.org/W2301039886","https://openalex.org/W2749680651","https://openalex.org/W3121378067","https://openalex.org/W3124880542","https://openalex.org/W3125884087","https://openalex.org/W4205961728","https://openalex.org/W4214569174","https://openalex.org/W4241627017","https://openalex.org/W4292366002"],"related_works":["https://openalex.org/W2002388147","https://openalex.org/W2378211422","https://openalex.org/W3098928304","https://openalex.org/W2394883510","https://openalex.org/W2745001401","https://openalex.org/W2023324176","https://openalex.org/W2150958483","https://openalex.org/W4321353415","https://openalex.org/W2922503265","https://openalex.org/W3097920840"],"abstract_inverted_index":{"Feedback":[0],"controllers":[1,17,202],"are":[2,125,214],"introduced":[3],"to":[4,103,108,137,216,221],"help":[5],"manage":[6],"an":[7,25,219],"individual's":[8,26],"or":[9,225],"household's":[10],"financial":[11,22,88],"life":[12],"and":[13,45,50,59,64,74,82,115,157,168,178],"build":[14],"savings.":[15],"The":[16,159],"can":[18],"be":[19],"viewed":[20],"as":[21,33,143],"advisors":[23],"for":[24,166,233],"resource":[27],"allocation":[28],"problem,":[29],"which":[30,105,124],"is":[31,176],"modeled":[32],"a":[34,54,60,68,147,162,190,197,229,240],"nonlinear":[35],"discrete":[36],"time":[37],"stochastic":[38,76],"system":[39],"with":[40,67,91,180,186,207],"income":[41],"uncertainties,":[42],"asset":[43],"losses,":[44],"constraints":[46,152],"on":[47],"cash":[48,183],"flow":[49],"credit.":[51],"We":[52],"introduce":[53],"model":[55],"predictive":[56],"controller":[57,227],"(MPC)":[58],"proportional-integral-derivative":[61],"(PID)":[62],"controller,":[63],"compare":[65],"them":[66],"benchmark":[69],"method":[70],"employed":[71],"in":[72,87,153,228],"finance":[73],"economics,":[75],"dynamic":[77],"programming":[78],"(DP).":[79],"Both":[80],"MPC":[81,224],"PID":[83,226],"produce":[84],"similar":[85],"consistency":[86],"management":[89],"compared":[90],"DP.":[92],"They":[93],"also":[94],"offer":[95],"the":[96,139,144,154,174,223],"advantage":[97],"of":[98,112,120,123,126,146,161,200,231],"low":[99],"computational":[100],"complexity":[101],"relative":[102],"DP,":[104],"allows":[106],"us":[107,136],"efficiently":[109],"perform":[110],"assessments":[111,195],"robustness":[113],"(reliability)":[114],"disturbance":[116],"rejection":[117],"(e.g.,":[118,239],"effects":[119],"uncertainties),":[121],"both":[122],"significant":[127],"practical":[128,211],"engineering":[129],"importance.":[130],"In":[131],"addition,":[132],"this":[133],"flexibility":[134],"enables":[135],"uncover":[138],"system's":[140],"properties,":[141],"such":[142],"existence":[145],"\u201cpoverty":[148],"trap\u201d":[149],"caused":[150],"by":[151],"control":[155],"space":[156],"dynamics.":[158],"effectiveness":[160],"PID-based":[163],"aid":[164],"intervention":[165],"low-skilled":[167],"low-endowed":[169],"agents":[170],"that":[171,188,213],"lie":[172],"within":[173],"trap":[175],"assessed":[177],"contrasted":[179],"other":[181],"existing":[182],"transfer":[184],"programs,":[185],"results":[187],"support":[189],"further":[191],"implementation":[192],"analysis.":[193],"These":[194],"constitute":[196],"novel":[198],"application":[199],"feedback":[201],"that,":[203],"besides":[204],"effectively":[205],"dealing":[206],"scarcity":[208],"constraints,":[209],"present":[210],"advantages":[212],"shown":[215],"translate":[217],"into":[218],"ability":[220],"implement":[222],"variety":[230],"ways":[232],"low-income":[234],"individuals":[235],"via":[236],"computer-assistive":[237],"methods":[238],"cell":[241],"phone).":[242]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}