Academic Journal
A New Demand-Supply Decomposition Method for a Class of Economic Equilibrium Models.
| Τίτλος: | A New Demand-Supply Decomposition Method for a Class of Economic Equilibrium Models. |
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| Συγγραφείς: | Chung, W., Fuller, J. D., Wu, Y. June |
| Πηγή: | Computational Economics; Jun2003, Vol. 21 Issue 3, p231-243, 13p |
| Θεματικοί όροι: | Algorithms, Economic equilibrium, Supply & demand, Decomposition method, Linear programming |
| Περίληψη: | Development and management of a large scale equilibrium model can be much moreefficient if it is broken into its natural, almost independent parts, whichare brought together only when a global solution is desired. We present a newdecomposition algorithm, for non-optimization models of equilibrium, whichintegrate a price-dependent demand component with a linear programming supplycomponent. This method allows for further decomposition of the supply side,e.g., by region or commodity. Existing demand-supply decomposition methods foreconomic equilibrium models, based on the cobweb algorithm, may fail toconverge. Our new demand-supply decomposition method based on theDantzig–Wolfe decomposition principle, converges in a finite number ofiterations. We demonstrate the algorithm with a model of Canadian energysupplies and demands. [ABSTRACT FROM AUTHOR] |
| Copyright of Computational Economics is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Βάση Δεδομένων: | Complementary Index |
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| Items | – Name: Title Label: Title Group: Ti Data: A New Demand-Supply Decomposition Method for a Class of Economic Equilibrium Models. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Chung%2C+W%2E%22">Chung, W.</searchLink><br /><searchLink fieldCode="AR" term="%22Fuller%2C+J%2E+D%2E%22">Fuller, J. D.</searchLink><br /><searchLink fieldCode="AR" term="%22Wu%2C+Y%2E+June%22">Wu, Y. June</searchLink> – Name: TitleSource Label: Source Group: Src Data: Computational Economics; Jun2003, Vol. 21 Issue 3, p231-243, 13p – Name: Subject Label: Subject Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Algorithms%22">Algorithms</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+equilibrium%22">Economic equilibrium</searchLink><br /><searchLink fieldCode="DE" term="%22Supply+%26+demand%22">Supply & demand</searchLink><br /><searchLink fieldCode="DE" term="%22Decomposition+method%22">Decomposition method</searchLink><br /><searchLink fieldCode="DE" term="%22Linear+programming%22">Linear programming</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Development and management of a large scale equilibrium model can be much moreefficient if it is broken into its natural, almost independent parts, whichare brought together only when a global solution is desired. We present a newdecomposition algorithm, for non-optimization models of equilibrium, whichintegrate a price-dependent demand component with a linear programming supplycomponent. This method allows for further decomposition of the supply side,e.g., by region or commodity. Existing demand-supply decomposition methods foreconomic equilibrium models, based on the cobweb algorithm, may fail toconverge. Our new demand-supply decomposition method based on theDantzig–Wolfe decomposition principle, converges in a finite number ofiterations. We demonstrate the algorithm with a model of Canadian energysupplies and demands. [ABSTRACT FROM AUTHOR] – Name: Abstract Label: Group: Ab Data: <i>Copyright of Computational Economics is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1023/A:1023995710308 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 13 StartPage: 231 Subjects: – SubjectFull: Algorithms Type: general – SubjectFull: Economic equilibrium Type: general – SubjectFull: Supply & demand Type: general – SubjectFull: Decomposition method Type: general – SubjectFull: Linear programming Type: general Titles: – TitleFull: A New Demand-Supply Decomposition Method for a Class of Economic Equilibrium Models. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Chung, W. – PersonEntity: Name: NameFull: Fuller, J. D. – PersonEntity: Name: NameFull: Wu, Y. June IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 06 Text: Jun2003 Type: published Y: 2003 Identifiers: – Type: issn-print Value: 09277099 Numbering: – Type: volume Value: 21 – Type: issue Value: 3 Titles: – TitleFull: Computational Economics Type: main |
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