Modeling Resource Markets: Advanced Methods of Operations Research

Guest Instructor: 
Sauleh Siddiqui, Johns Hopkins University, Baltimore
Alexander Zerrahn
Time I: 
11:00am to 02:00pm
Venue I: 
DIW, room: tba

This course investigates strategic interactions in energy resource markets and covers advanced optimization and equilibrium concepts to solve the associated models. It aims to provide participants with a strong theoretical understanding of Generalized Nash games, leader-follower Stackelberg games, and the related mathematical concepts of (Quasi-) Variational Inequalites (VI and QVI), Mixed Complementarity Problems, and Mathematical/Equilibrium Problems under Equilibrium Constraints (MPEC/EPEC). The practical part of the course covers applications of these methodologies to energy market problems, based on examples from the recent literature, and case studies in the oil, natural gas, and coal sector.

Participants are expected to have a basic knowledge of nonlinear optimization, mixed complementarity problems, Karush-Kuhn-Tucker conditions and convexity in higher dimensions as well as hands-on experience in GAMS.

Trainer: Sauleh Siddiqui, PhD, is Assistant Professor at the Whiting School of Engineering and is on the leadership council of the Systems Institute at Johns Hopkins University, Baltimore.

Room and time schedule will be announced later on!

Fall 2017
Deutsches Institut für Wirtschaftsforschung
Technische Universität Berlin
End date of the whole course: 
Friday, October 13, 2017 - 11:00am