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

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26210%2F21%3APU143618" target="_blank" >RIV/00216305:26210/21:PU143618 - isvavai.cz</a>
Result on the web
<a href="https://iopscience.iop.org/article/10.1088/1757-899X/1196/1/012016" target="_blank" >https://iopscience.iop.org/article/10.1088/1757-899X/1196/1/012016</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1088/1757-899X/1196/1/012016" target="_blank" >10.1088/1757-899X/1196/1/012016</a>

Result language
angličtina
Original language name
Best response dynamics in waste-to-energy plants' price setting problem
Original language description
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.
Czech name
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Czech description
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Project
<a href="/en/project/EF16_026%2F0008413" target="_blank" >EF16_026/0008413: Strategic Partnership for Environmental Technologies and Energy Production</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
IOP conference series. Materials science and engineering
ISBN
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ISSN
1757-8981
e-ISSN
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Number of pages
8
Pages from-to
1-8
Publisher name
IOP Publishing
Place of publication
neuveden
Event location
University College Dublin
Event date
Jul 19, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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