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

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

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.

Klíčová slova

waste management, waste-to-energy plant, gate fee, game theory, Nash equilibrium, best response

Autoři

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

Vydáno

31. 10. 2021

Nakladatel

IOP Publishing

ISSN

1757-8981

Periodikum

IOP Conference Series: Materials Science and Engineering

Ročník

1196

Stát

Spojené království Velké Británie a Severního Irska

Strany od

1

Strany do

8

Strany počet

8

URL

https://iopscience.iop.org/article/10.1088/1757-899X/1196/1/012016

Plný text v Digitální knihovně

http://hdl.handle.net/11012/204032

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",
  booktitle="IOP conference series. Materials science and engineering",
  year="2021",
  journal="IOP Conference Series: Materials Science and Engineering",
  volume="1196",
  pages="1--8",
  publisher="IOP Publishing",
  doi="10.1088/1757-899X/1196/1/012016",
  issn="1757-8981",
  url="https://iopscience.iop.org/article/10.1088/1757-899X/1196/1/012016"
}