This paper presents an unifying approach to the theory of degeneracy of basic feasible solutions, vertices, faces, and all subsets of polyhedra. It is a generalization of the usual concept of degeneracy defined for basic feasible solutions of an LP-problem. We use the concept of degeneracy...

We study in this paper a social welfare optimal congestion-pricing scheme for multiclass queuing services which can be applied to telecommunication networks. Most of the literature has focused on the marginal price. Unfortunately, it does not share the total cost among the different classes. We...

Interconnecting distinct electricity markets by adding a new transmission line affects the outcomes in these markets in a complicated way when there is uncertainty in demand or participant behaviour. We use market distribution functions to examine the effects of interconnection using a single...

The presented TEM-model describes the economical interaction between several actors (players) which intend to minimize their emissions (E i ) caused by technologies (T i ) by means of expenditures of money (M i ) or financial means, respectively. The index stands for the i-th player, i=1, …...

In this paper, an optimal portfolio selection problem is formulated as a minimax problem in which tax and dividend are associated with transactions. The corresponding optimal portfolio is derived respectively in the market with and without riskless asset. Furthermore, the relation and main...