Detail publikace

Best response dynamics in waste-to-energy plants' price setting problem

ERYGANOV, I. ŠOMPLÁK, R. HRDINA, J. NEVRLÝ, V.

Originální název

Best response dynamics in waste-to-energy plants' price setting problem

Anglický název

Best response dynamics in waste-to-energy plants' price setting problem

Jazyk

en

Originální abstrakt

This paper deals with the task of waste energy recovery and effective price setting of waste-to-energy plants. Its main contribution is the invention of a new approach to pricing of waste disposal in a particular waste management network. This novel method, which is based on a problem of finding the Nash equilibrium, takes into account the amounts of waste production of cities, capacities of waste-to-energy plants and their locations. The best response dynamics algorithm enables the computation of Nash equilibrium for a game of waste-to-energy plants in a normal form with numerous players and multiple strategies in comparison with other standard algorithms. The algorithm is able to find the Nash equilibrium for a sufficiently big step size between possible gate fees. The results of this work are applicable in the forecasting of prices of waste-to-energy plants' services for real waste management networks.

Anglický abstrakt

This paper deals with the task of waste energy recovery and effective price setting of waste-to-energy plants. Its main contribution is the invention of a new approach to pricing of waste disposal in a particular waste management network. This novel method, which is based on a problem of finding the Nash equilibrium, takes into account the amounts of waste production of cities, capacities of waste-to-energy plants and their locations. The best response dynamics algorithm enables the computation of Nash equilibrium for a game of waste-to-energy plants in a normal form with numerous players and multiple strategies in comparison with other standard algorithms. The algorithm is able to find the Nash equilibrium for a sufficiently big step size between possible gate fees. The results of this work are applicable in the forecasting of prices of waste-to-energy plants' services for real waste management networks.

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Dokumenty

BibTex


@inproceedings{BUT176727,
  author="Ivan {Eryganov} and Radovan {Šomplák} and Jaroslav {Hrdina} and Vlastimír {Nevrlý}",
  title="Best response dynamics in waste-to-energy plants' price setting problem",
  annote="This paper deals with the task of waste energy recovery and effective price setting of waste-to-energy plants. Its main contribution is the invention of a new approach to pricing of waste disposal in a particular waste management network. This novel method, which is based on a problem of finding the Nash equilibrium, takes into account the amounts of waste production of cities, capacities of waste-to-energy plants and their locations. The best response dynamics algorithm enables the computation of Nash equilibrium for a game of waste-to-energy plants in a normal form with numerous players and multiple strategies in comparison with other standard algorithms. The algorithm is able to find the Nash equilibrium for a sufficiently big step size between possible gate fees. The results of this work are applicable in the forecasting of prices of waste-to-energy plants' services for real waste management networks.",
  address="IOP Publishing",
  booktitle="IOP conference series. Materials science and engineering",
  chapter="176727",
  doi="10.1088/1757-899X/1196/1/012016",
  howpublished="online",
  institution="IOP Publishing",
  year="2021",
  month="october",
  pages="1--8",
  publisher="IOP Publishing",
  type="conference paper"
}