Publication detail

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

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

Original Title

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

Type

conference paper

Language

English

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

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

Authors

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

Released

31. 10. 2021

Publisher

IOP Publishing

ISBN

1757-8981

Periodical

IOP Conference Series: Materials Science and Engineering

Year of study

1196

State

United Kingdom of Great Britain and Northern Ireland

Pages from

1

Pages to

8

Pages count

8

URL

https://iopscience.iop.org/article/10.1088/1757-899X/1196/1/012016

Full text in the Digital Library

http://hdl.handle.net/11012/204032

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"
}