Operations Research Center. Annual Report. Jul 1, 1977 through June 30, 1978.
Abstract
The Operations Research Center conducts interdepartmental academic and research programs in the field of operations research. One focus of basic research has been on nondifferentiable optimization. This has been motivated in large part from the Center's work on econometric models containing linear programming subproblems. Linear programs produce nondifferentiable parametric functions because of the abrupt changes in shadow prices as various optimal extreme point solutions are generated. Specifically, normative models for depletable resources with applications to energy planning have been developed and analyzed. Nondifferentiable optimization techniques are required, for example, to estimate derived demand curves for a scarce resource from a dynamic economic sectoral model. Another example is the use of nondifferentiable optimization to compute peak load electricity prices by perturbing peak load demand and reliability constraints in utility capacity expansion models.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 30, 1978
- Accession Number
- ADA060520
Entities
Organizations
- Massachusetts Institute of Technology