The weekly SILO Seminar Series is made possible through the generous support of the 3M Company and its Advanced Technology Group


with additional support from the Analytics Group of the Northwestern Mutual Life Insurance Company

Northwestern Mutual

Optimization and Equilibrium in Energy Economics

Michael Ferris, Professor, Computer Science - UW Madison

Date and Time: Apr 27, 2016 (12:30 PM)
Location: Orchard room (3280) at the Wisconsin Institute for Discovery Building



We look at models of competition and risk within the context of power system markets. We demonstrate when social optima exist, what properties on risk measures and contracts are needed, and how to solve these problems in large scale practical settings. We look at specific structures that give rise to significant enhancements in computational performance. We position these models within a general setting of Nash Games that include linking equilibrium constraints and
situations where players solve multi-period stochastic programs.