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CHARLES V. SCHAEFER, JR. SCHOOL OF ENGINEERING AND SCIENCE |
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| MATHEMATICAL SCIENCES | COLLOQUIUM | |
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Applications to Equilibrium Problems under Equilibrium Constraints Thomas M. Surowiec Institute of Mathematics Humboldt University, Berlin Tuesday, March 25, 2008 4:00pm Peirce 116 Abstract: We present explicit formulae for calculating the Mordukhovich co-derivative to certain non-polyhedral sets. The necessity for said formulae are due to the fact that co-derivatives often appear within the optimality/stationarity conditions for certain equilibrium models with equilibrium constraints (EPECs). Such models have proven to be integral in the modelling of leader-follower type games, wherein non-polyhedrality as well as non-convexity of the feasible set is often inherent and unavoidable, regardless of the convexity and smoothness of the initial data, and thus leads to computational difficulties. A typical example of such an EPEC arises from the modelling of electricity spot markets, where the desire to model as realistically as possible requires the modeller to incorporate a quadratic term which takes into account transmission losses due to resistance. |
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| Dept of Mathematical Sciences • Stevens Institute of Technology • Hoboken, NJ • (201) 216-5449 | ||