• Title/Summary/Keyword: Equilibrium Model

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An Analysis on the Generation Market Using Stackelberg Game Equilibrium (슈타켈버그 게임을 이용한 발전경쟁시장의 균형 분석)

  • Kim, Jin-Ho;Park, Jong-Bae;Park, Jun-Ho
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.775-777
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    • 2005
  • In this paper, effects of the subsidy in the electricity market on the market equilibrium are analyzed. The generation competition markets are considered as the basic market structure. The market equilibrium with Cournot game model is derived, first. Then, the variation of Nash equilibrium is investigated when the subsidies to generation companies are provided. The market equilibrium with the subsidy in the electricity market, which is equivalent to the subgame perfect equilibrium, is analytically derived using Stackelberg game model and backward induction method. From this, how the provisions of subsidy to generation companies can affect the strategic behaviors of the generation companies and corresponding market equilibrium are explored, in this paper. Numerical examples are provided to illustrate the basic idea of this paper.

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Expansion of the equilibrium constants for the temperature range of 300K to 20,000K

  • Kim, Jae Gang
    • International Journal of Aeronautical and Space Sciences
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    • v.17 no.4
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    • pp.455-466
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    • 2016
  • Chemical-kinetic parameters of the equilibrium constants to evaluate the reverse rate coefficients in the shock layer of a blunt body and the expanding flows are derived for the temperature range from 300 K to 20,000 K. The expanded equilibrium constants for the chemical reactions of the dissociation, ionization, associative ionization, and neutral and charge exchange reactions of the atmospheric species and carbon materials are proposed in the present work. In evaluating the equilibrium constants, the inter-nuclear potential energies of the molecular species are calculated by the analytical potential function of the Hulburt-Hirschfelder model, and the parameters of the analytical model are determined from the semi-classically calculated RKR potentials. The electronic states and energies of the atoms are calculated by the electronic energy grouping model, and the rovibrational states and energies of each electronic states of the molecules are evaluated by the WKB method. The expanded equilibrium constants for 31 types of the reactions are provided for the best curve-fit functions, and the recombination reaction rate coefficients evaluated from the present equilibrium constants are compared with existing measured values.

First- and Second-best Pricing in Stable Dynamic Models (안정동력학 모형에서 최선 통행료 및 차선 통행료)

  • Park, Koo-Hyun
    • Journal of the Korean Operations Research and Management Science Society
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    • v.34 no.4
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    • pp.123-138
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    • 2009
  • This study examined the first- and second-best pricing by stable dynamics in congested transportation networks. Stable dynamics, suggested by Nesterov and de Palma (2003), is a new model which describes and provides a stable state of congestion in urban transportation networks. The first-best pricing in user equilibrium models introduces user-equilibrium in the system-equilibrium by tolling the difference between the marginal social cost and the marginal private cost on each link. Nevertheless, the second-best pricing, which levies the toll on some, but not all, links, is relevant from the practical point of view. In comparison with the user equilibrium model, the stable dynamic model provides a solution equivalent to system-equilibrium if it is focused on link flows. Therefore the toll interval on each link, which keeps up the system-equilibrium, is more meaningful than the first-best pricing. In addition, the second-best pricing in stable dynamic models is the same as the first-best pricing since the toll interval is separately given by each link. As an effect of congestion pricing in stable dynamic models, we can remove the inefficiency of the network with inefficient Braess links by levying a toll on the Braess link. We present a numerical example applied to the network with 6 nodes and 9 links, including 2 Braess links.

Equilibrium of transport mode choice in logit model (로짓 수단선택모형의 균형연구)

  • Im, Yong-Taek
    • Journal of Korean Society of Transportation
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    • v.28 no.5
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    • pp.131-139
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    • 2010
  • The transport mode choice problem is to determine which of the alternative transport modes connecting an origin and destination will be used by a traveler. Most of the research relating to transport mode choice have mainly been focused on modeling, properties, and applications of the model, but rarely were concerned with equilibrium among the modes. This paper proves the equilibrium among the modes by using a logit mode choice model, and then verifies it with the Korean Transport Database (KTDB). In order to obtain such an equilibrium, this paper also presents a solution algorithm based on the fixed point theorem. The algorithm was tested with an example and confirmed the equilibrium solution.

A Study of Surface Stress Effects on Equilibrium States of thin Nanofilm (나노박막의 표면응력에 의한 평형상태에 대한 연구)

  • Kim, Won-Bae;Cho, Maeng-Hyo
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.22 no.4
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    • pp.331-334
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    • 2009
  • In this paper, we present a surface relaxation model in atomistic calculations for thin nanofilms. This surface relaxation model is very simple model which have only two degrees of freedoms to determine the atomic positions of nanofilms. Whereas in conventional molecular statics simulations, the same number of degrees of freedoms at all atom positions are used as unknown variables. In order to prove the reliability of the presented model, we present the results of self-equilibrium strain calculations with the surface parameters obtained from this model.

A Study on Transport Characteristics of Fe in Soil (토양 내 철의 이동특성에 관한 연구)

  • Cho, Ki-Chul;Lee, Kyeong-Ho;Choung, Young-Heon;Cho, Sang-Won;Oh, Kwang-Joong
    • Journal of Korean Society of Environmental Engineers
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    • v.27 no.10
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    • pp.1043-1051
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    • 2005
  • In this stduy, adsorption and transport characteristics of Fe in the soil were investigated using convection-dispersion local equilibrium sorption model and two-site non-equilibrium sorption model. In batch experiments with different Fe concentration, characteristics of Fe adsorption was investigated using Freundlich and linear isotherm. Column experiments with different flow rate, organic matter content md Fe concentration were also carried out. We measured Fe concentrations in injection-liquid and in effluent, and then applied them to CXTFIT program. As a result of column experiments, some parameters(D, R, ${\beta}$, ${\omega}$) used in two-site non-equilibrium adsorption model were obtained. Characteristics of Fe transport were analyzed using the parameters(D, R, ${\beta}$, ${\omega}$) obtained from the CXTFIT program, Consequently, characteristics of Fe transport in the soil were predicted through two-site non-equilibrium adsorption model.

Dynamics of Vaccination Model with Holling Type II Functional Response

  • Bhatia, Sumit Kaur;Chauhan, Sudipa;Nasir, Umama
    • Kyungpook Mathematical Journal
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    • v.60 no.2
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    • pp.319-334
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    • 2020
  • We propose a mathematical model with Holling type II functional response, to study the dynamics of vaccination. In order to make our model more realistic, we have incorporated the recruitment of infected individuals as a continuous process. We have assumed that vaccination cannot be perfect and there is always a possibility of re-infection. We have obtained the existence of a disease free and endemic equilibrium point, when the recruitment of infective is not considered and also obtained the existence of at least one endemic equilibrium point when recruitment of infective is considered. We have proved that if Rv < 1, disease free equilibrium is locally asymptotically stable, which leads to the elimination of the disease from the population. The persistence of the model has also been established. Numerical simulations have been done to establish the results obtained.

A Pragmatic Method on Multi-Weapon Lanchester's Law (다중 란체스터 모형에 대한 실용적 해법)

  • Baik, Seung-Won;Hong, Sung-Pil
    • Journal of the Korean Operations Research and Management Science Society
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    • v.38 no.4
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    • pp.1-9
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    • 2013
  • We propose a heuristic algorithm for war-game model that is appropriate for warfare in which the maneuver of the attacker is relatively certain. Our model is based on a multi-weapon extention of the Lanchester's square law. However, instead of dealing with the differential equations, we use a multi-period linear approximation which not only facilitates a solution method but also reflects discrete natures of warfare. Then our game model turns out to be a continuous game known to have an ${\varepsilon}$-Nash equilibrium for all ${\varepsilon}{\geq}0$. Therefore, our model approximates an optimal warfare strategies for both players as well as an efficient reinforcement of area defense system that guarantees a peaceful equilibrium. Finally, we report the performance of a practical best-response type heuristic for finding an ${\varepsilon}$-Nash equilibrium for a real-scale problem.

Location Value and Price Leadership in a Product Differentiation Model

  • Ku, Hyeon-Mo;Lee, Sang-Ho
    • Management Science and Financial Engineering
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    • v.13 no.2
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    • pp.99-116
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    • 2007
  • This paper considers the value of location in a linear city model and examines the product differentiation equilibrium of duopoly providing different benefits to consumers. We show that if the value of location is small, symmetric location equilibrium occurs where two firms follow the maximal differentiation principle. However, as the value of location increases, asymmetric location equilibrium occurs where the low-value-location firm moves to the high-value-location firm and thus adjusted maximal differentiation principle holds. We also investigate two different price leadership model and demonstrate the relationship between the value of location and the role of price leadership. In particular, we show that when the location value is high, the price leadership by high-value-location firm will appear as a unique equilibrium.

A ROUTE-BASED SOLUTION ALGORITHM FOR DYNAMIC USER EQUILIBRIUM ASSIGNMENT (경로기반 해법알고리즘을 이용한 동적통행배분모형의 개발)

  • Sangjin Han
    • Proceedings of the KOR-KST Conference
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    • 2002.02a
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    • pp.97-139
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    • 2002
  • The aim of the present study is to find a good quality user equilibrium assignments under time varying condition. For this purpose, this study introduces a dynamic network loading method that can maintain correct flow propagation as well as flow conservation, and it develops a novel solution algorithm that does not need evaluation of the objective function by modifying the Schittenhelm (1990)'s algorithm. This novel algorithm turns out to be efficient and convenient compared to the conventional Frank-Wolfe (1956) algorithm because the former finds solutions based on routes rather than links so that it can maintain correct flow propagation intrinsically in the time-varying network conditions. The application of dynamic user equilibrium (DUE) assignment model with this novel solution algorithm to test networks including medium-sized one shows that the present DUE assignment model gives rise to high quality discrete time solutions when we adopt the deterministic queuing model for a link performance function, and we associate flows and costs in a proper way.

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