compensation

An exact solution method for binary equilibrium problems with compensation and the power market uplift problem

  • Daniel Huppmann
  • Sauleh Siddiqui
    • Categories (Mixed) Integer Linear Programming, Applications - OR and Management Sciences, Game Theory Tags , , , , , ,

    We propose a novel method to fi nd Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a linearization, or relaxation of integrality conditions. The reformulation off ers a new approach to obtain and … Read more

    Reactive Power Management using Firefly and Spiral Optimization under Static and Dynamic Loading Conditions

  • Ripunjoy Phukan
    • Categories Applications - Science and Engineering, Global Optimization Applications, Stochastic Programming Tags , , , ,

    Power System planning encompasses the concept of minimization of transmission losses keeping in mind the voltage stability and system reliability. Voltage profile decides the state of a system and its control is dependent on Generator source voltage, shunt/series injection, transformer taps etc. Optimal parameter setting in system level is needed for managing the available resources … Read more