Publication detail

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

ERYGANOV, I. ŠOMPLÁK, R. HRDINA, J. NEVRLÝ, V.

English title

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

Type

Paper in proceedings (conference paper)

Language

en

Original abstract

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.

Keywords in English

waste management, waste-to-energy plant, gate fee, game theory, Nash equilibrium, best response

Released

2021-10-31

Publisher

IOP Publishing

ISSN

1757-8981

Book

IOP conference series. Materials science and engineering

Journal

IOP Conference Series: Materials Science and Engineering

Volume

1196

Pages from–to

1–8

Pages count

8

BIBTEX


@inproceedings{BUT176727,
  author="Ivan {Eryganov} and Radovan {Šomplák} and Jaroslav {Hrdina} and Vlastimír {Nevrlý}",
  title="Best response dynamics in waste-to-energy plants' price setting problem",
  booktitle="IOP conference series. Materials science and engineering",
  year="2021",
  journal="IOP Conference Series: Materials Science and Engineering",
  volume="1196",
  pages="1--8",
  publisher="IOP Publishing",
  doi="10.1088/1757-899X/1196/1/012016",
  issn="1757-8981",
  url="https://iopscience.iop.org/article/10.1088/1757-899X/1196/1/012016"
}