Complementarity Modeling in Energy Markets

Lingua: inglese

Editore: Springer, Humana Aug 2014, 2014

1489986758 / 9781489986757

Serie: Libro 157 di 323 - International Series in Operations Research & Management Science

Da: buchversandmimpf2000, Emtmannsberg, BAYE, Germaniabuchversandmimpf2000

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This item is printed on demand - Print on Demand Titel. Neuware -This addition to the ISOR series introduces complementarity models in a straightforward and approachable manner and uses them to carry out an in-depth analysis of energy markets, including formulation issues and solution techniques. In a nutshell, complementarity models generalize: a. optimization problems via their Karush-Kuhn-Tucker conditions b. on-cooperative games in which each player may be solving a separate but related optimization problem with potentially overall system constraints (e.g., market-clearing conditions) c. conomic and engineering problems that aren¿t specifically derived from optimization problems (e.g., spatial price equilibria) d. roblems in which both primal and dual variables (prices) appear in the original formulation (e.g., The National Energy Modeling System (NEMS) or its precursor, PIES). As such, complementarity models are a very general and flexible modeling format. A natural question is why concentrate on energy markets for this complementarity approach s it turns out, energy or other markets that have game theoretic aspects are best modeled by complementarity problems. The reason is that the traditional perfect competition approach no longer applies due to deregulation and restructuring of these markets and thus the corresponding optimization problems may no longer hold. Also, in some instances it is important in the original model formulation to involve both primal variables (e.g., production) as well as dual variables (e.g., market prices) for public and private sector energy planning. Traditional optimization problems can not directly handle this mixing of primal and dual variables but complementarity models can and this makes them all that more effective for decision-makers.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 656 pp. Englisch.

Codice articolo 9781489986757

Titolo
Complementarity Modeling in Energy Markets
Autore
Steven A. Gabriel
Editore
Springer, Humana Aug 2014
Anno di pubblicazione
2014
Condizione
Neu
Rilegatura
Taschenbuch
Lingua
inglese
ISBN 10
1489986758
ISBN 13
9781489986757
Peso dell'articolo
978 grammi
Dimensioni
235x155x36 mm
Serie
Libro 157 di 323: International Series in Operations Research & Management Science

buchversandmimpf2000

Emtmannsberg, BAYE, Germania

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