Projected solutions of quasi-variational inequalities with application to bidding process in electricity market

Abstract:

Quasi-variational inequalities provide perfect tools  to reformulate Generalized Nash Equilibrium Probem (GNEP), the latter being a good model to describe the day-ahead  electricity markets.

Our aim in this talk is to illustrate how some recent advances in the theory  of quasi-variational inequalities can influence the modeling of electricity market.

Talk based on:

– D. Aussel, A. Sultana & V. Vetrivel, On the existence of

projected solutions of quasi-variational inequalities and

generalized Nash equilibrium problem, J. Optim. Th. Appl. 170 (2016), 818-837.

Posted on Jan 10, 2018 in Optimization and Equilibrium, Seminars