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Complementarity Modeling in Energy Markets

Complementarity Modeling in Energy Markets PDF Author: Steven A. Gabriel
Publisher: Springer Science & Business Media
ISBN: 1441961232
Category : Business & Economics
Languages : en
Pages : 637

Book Description
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.

Complementarity Modeling in Energy Markets

Complementarity Modeling in Energy Markets PDF Author: Steven A. Gabriel
Publisher: Springer Science & Business Media
ISBN: 1441961232
Category : Business & Economics
Languages : en
Pages : 637

Book Description
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.

Complementarity

Complementarity PDF Author: Arkady Plotnitsky
Publisher: Duke University Press
ISBN: 9780822314370
Category : Biography & Autobiography
Languages : en
Pages : 342

Book Description
Many commentators have remarked in passing on the resonance between deconstructionist theory and certain ideas of quantum physics. In this book, Arkady Plotnitsky rigorously elaborates the similarities and differences between the two by focusing on the work of Niels Bohr and Jacques Derrida. In detailed considerations of Bohr's notion of complementarity and his debates with Einstein, and in analysis of Derrida's work via Georges Bataille's concept of general economy, Plotnitsky demonstrates the value of exploring these theories in relation to each other. Bohr's term complementarity describes a situation, unavoidable in quantum physics, in which two theories thought to be mutually exclusive are required to explain a single phenomenon. Light, for example, can only be explained as both wave and particle, but no synthesis of the two is possible. This theoretical transformation is then examined in relation to the ways that Derrida sets his work against or outside of Hegel, also resisting a similar kind of synthesis and enacting a transformation of its own. Though concerned primarily with Bohr and Derrida, Plotnitsky also considers a wide range of anti-epistemological endeavors including the work of Nietzsche, Bataille, and the mathematician Kurt Gödel. Under the rubric of complementarity he develops a theoretical framework that raises new possiblilities for students and scholars of literary theory, philosophy, and philosophy of science.

Supermodularity and Complementarity

Supermodularity and Complementarity PDF Author: Donald M. Topkis
Publisher: Princeton University Press
ISBN: 9781400822539
Category : Business & Economics
Languages : en
Pages : 288

Book Description
The economics literature is replete with examples of monotone comparative statics; that is, scenarios where optimal decisions or equilibria in a parameterized collection of models vary monotonically with the parameter. Most of these examples are manifestations of complementarity, with a common explicit or implicit theoretical basis in properties of a super-modular function on a lattice. Supermodular functions yield a characterization for complementarity and extend the notion of complementarity to a general setting that is a natural mathematical context for studying complementarity and monotone comparative statics. Concepts and results related to supermodularity and monotone comparative statics constitute a new and important formal step in the long line of economics literature on complementarity. This monograph links complementarity to powerful concepts and results involving supermodular functions on lattices and focuses on analyses and issues related to monotone comparative statics. Don Topkis, who is known for his seminal contributions to this area, here presents a self-contained and up-to-date view of this field, including many new results, to scholars interested in economic theory and its applications as well as to those in related disciplines. The emphasis is on methodology. The book systematically develops a comprehensive, integrated theory pertaining to supermodularity, complementarity, and monotone comparative statics. It then applies that theory in the analysis of many diverse economic models formulated as decision problems, noncooperative games, and cooperative games.

The Philosophy of Niels Bohr

The Philosophy of Niels Bohr PDF Author: Henry J. Folse
Publisher: North Holland
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 304

Book Description
Of all the developments in twentieth century physics, none has given rise to more heated debates than the changes in our understanding of science precipitated by the quantum revolution''. In this revolution, Niels Bohr's dramatically non-classical theory of the atom proved to be the springboard from which the new atomic physics drew it's momentum. Furthermore, Bohr's contribution was crucial not only because his interpretation of quantum mechanics became the most widely accepted view but also because in his role as educator and spokesman for atomic physics Bohr was very much the patron spirit of the entire quantum revolution. The conceptual framework which he proposed to provide a new viewpoint for understanding the quantum theoretical description of atomic systems became for most of this century the dominant outlook of countless productive experimental and theoretical physicists. He called this new framework complementarity''.

Niels Bohr and Complementarity

Niels Bohr and Complementarity PDF Author: Arkady Plotnitsky
Publisher: Springer Science & Business Media
ISBN: 1461445175
Category : Science
Languages : en
Pages : 199

Book Description
This book offers a discussion of Niels Bohr’s conception of “complementarity,” arguably his greatest contribution to physics and philosophy. By tracing Bohr’s work from his 1913 atomic theory to the introduction and then refinement of the idea of complementarity, and by explicating different meanings of “complementarity” in Bohr and the relationships between it and Bohr’s other concepts, the book aims to offer a contained and accessible, and yet sufficiently comprehensive account of Bohr’s work on complementarity and its significance.

Complementarity, Equilibrium, Efficiency and Economics

Complementarity, Equilibrium, Efficiency and Economics PDF Author: G. Isac
Publisher: Springer Science & Business Media
ISBN: 1475736231
Category : Mathematics
Languages : en
Pages : 458

Book Description
In complementarity theory, which is a relatively new domain of applied mathematics, several kinds of mathematical models and problems related to the study of equilibrium are considered from the point of view of physics as well as economics. In this book the authors have combined complementarity theory, equilibrium of economical systems, and efficiency in Pareto's sense. The authors discuss the use of complementarity theory in the study of equilibrium of economic systems and present results they have obtained. In addition the authors present several new results in complementarity theory and several numerical methods for solving complementarity problems associated with the study of economic equilibrium. The most important notions of Pareto efficiency are also presented. Audience: Researchers and graduate students interested in complementarity theory, in economics, in optimization, and in applied mathematics.

Complementarity of Variable Renewable Energy Sources

Complementarity of Variable Renewable Energy Sources PDF Author: Jakub Jurasz
Publisher: Academic Press
ISBN: 0323855288
Category : Technology & Engineering
Languages : en
Pages : 746

Book Description
Complementarity of Variable Renewable Energy Sources consolidates current developments on the subject, addressing all technical advances, presenting new mapping results, and bringing new insights for the continuation of research and implementation on this fascinating topic. By answering questions such as How can complementarity be used in the operation of large interconnected systems?, What is the real applicability potential of energetic complementarity?, and How will it impact energy generation systems?, this title is useful for all researchers, academic and students investigating the topic of renewable energy complementarity in systems. In just over a decade, the subject of 'energy complementarity' has experienced a growing presence and understanding by researchers and managers of energy resources looking to enhance energy systems. Early research proposed methods to quantify complementarity, the effects of complementarity on performance of hybrid systems, and how to identify and map complementarity between solar energy, wind energy and hydroelectric energy systems. Includes chapter maps to visualize system performance under different complementarity indexes Addresses complementarity in the operation of large and small to medium-sized hybrid systems Provides methods for determining complementarity between various energy sources

Complementarity: Applications, Algorithms and Extensions

Complementarity: Applications, Algorithms and Extensions PDF Author: Michael C. Ferris
Publisher: Springer Science & Business Media
ISBN: 1475732791
Category : Computers
Languages : en
Pages : 400

Book Description
This volume presents state-of-the-art complementarity applications, algorithms, extensions and theory in the form of eighteen papers. These at the International Conference on Com invited papers were presented plementarity 99 (ICCP99) held in Madison, Wisconsin during June 9-12, 1999 with support from the National Science Foundation under Grant DMS-9970102. Complementarity is becoming more widely used in a variety of appli cation areas. In this volume, there are papers studying the impact of complementarity in such diverse fields as deregulation of electricity mar kets, engineering mechanics, optimal control and asset pricing. Further more, application of complementarity and optimization ideas to related problems in the burgeoning fields of machine learning and data mining are also covered in a series of three articles. In order to effectively process the complementarity problems that arise in such applications, various algorithmic, theoretical and computational extensions are covered in this volume. Nonsmooth analysis has an im portant role to play in this area as can be seen from articles using these tools to develop Newton and path following methods for constrained nonlinear systems and complementarity problems. Convergence issues are covered in the context of active set methods, global algorithms for pseudomonotone variational inequalities, successive convex relaxation and proximal point algorithms. Theoretical contributions to the connectedness of solution sets and constraint qualifications in the growing area of mathematical programs with equilibrium constraints are also presented. A relaxation approach is given for solving such problems. Finally, computational issues related to preprocessing mixed complementarity problems are addressed.

The Complementarity of Women and Men

The Complementarity of Women and Men PDF Author: Paul C. Vitz
Publisher: CUA Press
ISBN: 0813233887
Category : Philosophy
Languages : en
Pages : 257

Book Description
"Contributors explore the "complementarity" of women and men--that women and men are equal and different--as underpinned by Catholic theology and expressed in philosophy, theology, psychology, and art"--

Complementarity in the Line of Fire

Complementarity in the Line of Fire PDF Author: Sarah M. H. Nouwen
Publisher: Cambridge University Press
ISBN: 1107010780
Category : Law
Languages : en
Pages : 529

Book Description
"This book follows as LAW"--