• Title/Summary/Keyword: Equilibrium Model

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Supply Function Nash Equilibrium Considering Stochastic Demand Function (확률적 수요함수를 고려한 공급함수의 전략변수 내쉬균형 연구)

  • Lee, Kwang-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.57 no.1
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    • pp.20-24
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    • 2008
  • A bid-based pool(BBP) model is representative of energy market structure in a number of restructured electricity markets. Supply function equilibrium(SFE) models of interaction better match what is explicitly required in the bid formats of typical BBP markets. Many of the results in the SFE literature involve restrictive parametrization of the bid cost functions. In the SFE models, two parameters, intercept and slope, are available for strategic bidding. This paper addresses the realistic competition format that players can choose both parameters arbitrarily. In a fixed demand function, equilibrium conditions for generation company's profit maximization have a degree of freedom, which induces multi-equilibrium. So it is hard to choose a convergent equilibrium. However, consideration of stochastic demand function makes the equilibrium conditions independent each other based on the amount of variance of stochastic demand function. This variance provides the bidding players with incentives to change the slope parameter from an equilibrium for a fixed demand function until the slope parameter equilibrium.

Stability of the Grain Configurations of Thin Films-a Model for Agglomeration (박막내 결정립 배열의 열적 불안정성1)-응집 모델)

  • Na, Jong-Ju;Park, Jung-Geun
    • 연구논문집
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    • s.27
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    • pp.183-200
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    • 1997
  • We have calculated the energy of three distinct grain configurations, namely completely connected, partially connected and unconnected configurations, evolving during a spheroidization of polycrystalline thin film by extending a geometrical model due to Miller et al. to the case of spheroidization at both the surface and film-substrate interface. "Stabilitl" diagram defining a stable region of each grain configuration has been established in terms of the ratio of grain size to film thickness vs. equilibrium wetting or dihedral angles at various interface energy conditions. The occurrence of spheroidization at the film-substrate interface significantly enlarges the stable region of unconnected grain configuration thereby greatly facilitating the occurrence of agglomeration. Complete separation of grain boundary is increasingly difficult with a reduction of equilibrium wetting angle. The condition for the occurrence of agglomeration differs depending on the equilibrium wetting or dihedral angles. The agglomeration occurs, at low equilibrium angles, via partially connected configuration containing stable holes centered at grain boundary vertices, whereas it occurs directly via completely connected configuration at large equilibrium angles except for the case having small surface and/or film-substrate interface energy. The initiation condition of agglomeration is defined by the equilibrium boundary condition between the partially connected and unconnected configurations for the former case, whereas it can, for the latter case, largely deviate from the equilibrium boundary condition between the completely connected and unconnected configurations because of the presence of a finite energy barrier to overcome to reach the unconnected grain configuration.

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Leader-Follower Model Analysis on Mixed Strategy Nash Equilibrium of Electricity Market with Transmission Congestion (송전선 혼잡시의 복합전략 내쉬균형에 대한 선도-추종자 모형 해석)

  • Lee, Kwang-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.2
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    • pp.187-193
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    • 2012
  • Nash Equilibrium (NE) is as useful tool for investigating a participant's strategic generation quantity in a competitive electricity market. Cournot model may give a mixed strategy NE instead of a pure strategy when transmission constraints are considered. A mixed strategy is difficult to compute, complicated to understand conceptually, and hard to implement in an electricity market practically. This paper presents that a mixed strategy does not appear in Stackelberg leader-follower model even under a transmission congestion. A solution method is proposed for the leader-follower model under a nondifferentiable space of a strategy variable. Based on the pure strategy NE with a transmission line congested, the merit of leader-follower model is shown from a social welfare point of view.

Developing an Equilibrium Analysis Model of Cartel Game under Leniency Programs (자진신고자 감면제도하의 담합 게임에 대한 균형분석모형 개발)

  • Park, Jihyun;Ahn, Suneung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.36 no.4
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    • pp.77-83
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    • 2013
  • This study is to develop a mathematical analysis model to grasp the behaviors of cartels. Cartels are formed tacitly and cause tremendous damage to consumers in modern society which is composed of advanced industry structure. The government authorities have instituted the leniency programs to respond cartels. However, cartels will continue unless there are legal sanctions against cartels based on an accurate analysis of leniency programs. The proposed cartel equilibrium analysis model is a mathematical behavior model which is based on the existing methods and the prison's dilemma of game theory. Therefore, the model has a form of pay off matrix of two players. We use a iterated polymatrix approximation (IPA) method to deduct a Nash equilibrium point. The model is validated by an empirical analysis as well.

Realization of Differential Drive Wheeled Mobile Robot Dynamic Modeling Using Newton's Equilibrium law (뉴튼의 평행법칙을 이용한 차동구동 이동로봇의 동력학 모델링 구현)

  • Chung, Yong-Oug;Chung, Ku-Seob
    • The Journal of Korea Robotics Society
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    • v.5 no.4
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    • pp.349-358
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    • 2010
  • We presents a dynamic modeling of 4-wheel 2-DOF. WMR. The classic dynamic model utilizes a greatly simplified wheel motion representation and using of a simplified dynamic model confronts with a problem for accurate position control of wheeled mobile robot. In this paper, we treats the dynamic model for describes relationship between the wheel actuator force/torque and WMR motion through the use of Newton's equilibrium laws. To calculate the WMR position in real time, we introduced the Dead-Reckoning algorithms and the simulation result show that the proposed dynamic model is useful. We can be easily extend the proposed WMR model to mobile robot of similar type and this type of methodology is useful to analyze, design and control any kinds of rolling robots.

Neutron Cross Section Evaluation on Mo-95, Tc-99, Ru-101 and Rh-1()3 in the Fast Energy Region

  • Lee, Y. D.;J. H. Chang
    • Nuclear Engineering and Technology
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    • v.34 no.6
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    • pp.533-544
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    • 2002
  • The neutron induced nuclear data for Mo-95, Tc-99, Ru-101 and Rh-103 was calculated and evaluated in the fast energy region. The energy dependent optical model potential parameters were extracted based on the recent experimental data and applied up to 20 MeV. The s-wave strength function was calculated from the parameters. Spherical optical model, statistical model in equilibrium energy, multistep direct and multistep compound model in pre-equilibrium energy and direct capture model were used in the calculation. The theoretically calculated cross sections were compared with the experimental data and the evaluated files The model- calculated total and capture cross sections were in good agreement with the reference experimental data. The direct capture contribution improved the capture cross sections in pre- equilibrium region. The evaluated cross section results were compiled to ENDF-6 format and will improve the ENDF/B-Vl.

Correlation of Liquid-Liquid Equilibrium of Four Binary Hydrocarbon-Water Systems, Using an Improved Artificial Neural Network Model

  • Lv, Hui-Chao;Shen, Yan-Hong
    • Journal of the Korean Chemical Society
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    • v.57 no.3
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    • pp.370-376
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    • 2013
  • A back propagation artificial neural network model with one hidden layer is established to correlate the liquid-liquid equilibrium data of hydrocarbon-water systems. The model has four inputs and two outputs. The network is systematically trained with 48 data points in the range of 283.15 to 405.37K. Statistical analyses show that the optimised neural network model can yield excellent agreement with experimental data(the average absolute deviations equal to 0.037% and 0.0012% for the correlated mole fractions of hydrocarbon in two coexisting liquid phases respectively). The comparison in terms of average absolute deviation between the correlated mole fractions for each binary system and literature results indicates that the artificial neural network model gives far better results. This study also shows that artificial neural network model could be developed for the phase equilibria for a family of hydrocarbon-water binaries.

Neutron Cross Section Evaluation on Pr-141, Nd-143, Nd-145, Sm-147 and Sm-149

  • Lee, Y. D.;J. H. Chang
    • Nuclear Engineering and Technology
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    • v.34 no.4
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    • pp.370-381
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    • 2002
  • The neutron induced nuclear data for Pr-141, Nd-143, Nd-145, Sm-147 and Sm-149 were calculated and evaluated from 10 keV to 20 MeV. The energy dependent optical model potential parameters were extracted based on the recent experimental data and applied up to 20 MeV. The s-wave strength function was calculated. Spherical optical model , statistical model in equilibrium energy, multistep direct and multistep compound model in pre-equilibrium energy and direct capture model were introduced in Empire calculation. The theoretically calculated cross sections were compared with the experimental data and the evaluated files. The model calculated total and capture cross sections were in good agreement with the reference experimental data. The capture cross sections in pre-equilibrium were enhanced in recent released Empire version. The evaluated cross section results were compiled to ENDF-6 format and will improve the ENDF/B-Vl.

Comparative Study Between a Dynamic Food-Chain Model(DYNACON) and an Equilibrium Model (NRC Model)

  • Hwang, Won-Tae;Suh, Kyung-Suk;Kim, Eun-Han;Park, Young-Gil;Han, Moon-Hee
    • Proceedings of the Korean Nuclear Society Conference
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    • 1997.05b
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    • pp.407-412
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    • 1997
  • The predictive results between a dynamic food-chain model (DYNACON) and an equilibrium model (NRC model) were compared to show the physical validity of DYNACON. Although the mathematical formulations and transport processes of radionuclides in the environment are different between two models, the comparative study shows good agreement for deposition events that occur during the growing season of plants.

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Ion Exchange Modeling with Mass Action Law and Surface Complexation Models (질량작용법칙과 표면착화모델을 이용한 이온교환 모델링)

  • 안현경;김상대;이인형
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.4 no.3
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    • pp.296-300
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    • 2003
  • A large equilibrium and kinetic data set for multi-component cation exchanges was obtained and tested with mass action law and surface complexation model. The systematic batch equilibrium and column experiments of cation adsorption were conducted for binary, ternary, quaternary, and quinary cation exchanges involving $ H^{+}, Li^ {+}, Na^{+}, NH$_4$^{+}, Mg^{2+} $ on a strongly acidic cation exchange resin IRN 77. The mass action law and surface complexation model were tested against both data set to investigate the consistency of ion selectivity and their predictability for competitive cation exchanges. Surface complexation model provided more accurate predictions for both equilibrium and kinetic experimental data than mass action model.

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