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LANS Informal Seminar : Michael C. Ferris
March 26, 2013 @ 15:00 CDT
Seminar Title: MOPEC: Multiple Optimization Problems with Equilibrium Constraints
Speaker: Michael C. Ferris, Professor, Department of Computer Science, University of Wisconsin, Madison
Date/Time: 2013-03-26 15:00
Location: Building 240, 7172
Description:
We present a mechanism for describing and solving collections of optimization problems that are linked by equilibrium conditions. Included in this class are classical models such as the PIES model and agent based formulations arising from Nash Games. We demonstrate this mechanism in the context of energy planning problems, specifically for capacity expansion, hydro operation, and transmission line switching. We show how to incorporate stochastic information into these systems and give examples of their use and their possible extensions to hierarchical modeling.