A method of hanging a liner in a wellbore is disclosed that in one non-limiting embodiment includes: conveying a liner having a liner hanger and a liner hanger actuator into the wellbore by a service string that includes controller that determines a downhole parameter of interest relating to setting of the liner hanger; determining by the controller the parameter of interest relating to setting of the liner hanger in the wellbore; and sending a wireless liner hanger command signal from the controller in response to the determined parameter of interest to cause the liner hanger actuator to set the liner hanger in the wellbore.