The DIW Graduate Center is pleased to offer a masterclass on complementary modeling in energy markets by Steven A. Gabriel.
We will review optimization problems (linear/nonlinear) and then introduce equilibrium problems expressed as mixed complementarity problems (MCPs). These latter problems have a diverse set of applications including market equilibrium/non-cooperative games in energy, transportation, and water, and have been the subject of much research in the last 25+ years.
Readings (strongly recommended to prepare before the class):
6) U-tapao et al. (2016): A stochastic, two-level optimization model for compressed natural gasinfrastructure investments in wastewater management. Journal of Natural Gas Science and Engineering, 28: 226-240. (PDF, 1.35 MB)