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MOPEC: Multiple Optimization Problems with Equilibrium Constraints

Location: Searle 240A, 5735 S. Ellis Avenue, Chicago, IL 60637

Special Scientific and Statistical Computing Seminar

Michael Ferris

Department of Computer Science

University of Wisconsin, Madison

Abstract: 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.

Live broadcast via Adobe Connect.

RDCEP Host: Sou-Cheng (Terrya) Choi