We model a market in which suppliers bid step-function offer curves using agent-based modeling. Our model is an abstraction of electricity markets where step-function offer curves are given to an independent system operator that manages the auctions in electricity markets. Positing an elementary...

Column dropping procedures are provided for the Generalized Programming algorithm. Nonbasic columns may not be dropped, however, from the restricted master at every iteration for all problems. Conditions are provided under which columns may be dropped from the restricted master. An example is...

Because of the difficulties often experienced in formulating and understanding large-scale models, much current research is directed towards developing systems to support the construction and understanding of management science models. This paper discusses eight different methods for...

In this paper we present a Nash dynamic game model of interactions among oil inventory and tariff policies for oil importing countries. The inventory policies consist of the rates for building up and drawing down strategic oil reserves, while the tariff policies consist of setting tariffs as a...

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