Projected Dynamical Systems And Variational Inequalities With Applications


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Projected Dynamical Systems and Variational Inequalities with Applications


Projected Dynamical Systems and Variational Inequalities with Applications

Author: Anna Nagurney

language: en

Publisher: Springer Science & Business Media

Release Date: 2012-12-06


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Equilibrium is a concept used in operations research and economics to understand the interplay of factors and problems arising from competitive systems in the economic world. The problems in this area are large and complex and have involved a variety of mathematical methodologies. In this monograph, the authors have widened the scope of theoretical work with a new approach, `projected dynamical systems theory', to previous work in variational inequality theory. While most classical work in this area is static, the introduction to the theory of projected dynamical systems will allow many real-life dynamic situations and problems to be handled and modeled. This monograph includes: a new theoretical approach, `projected dynamical system', which allows the researcher to model real-life situations more accurately; new mathematical methods allowing researchers to combine other theoretical approaches with the projected dynamical systems approach; a framework in which research can adequately model natural, financial and human (real life) situations in competitive equilibrium problems; the computational and numerical methods for the implementation of the methods and theory discussed in the book; stability analysis, algorithms and computational procedures are offered for each set of applications.

Projected Dynamical Systems and Variational Inequalities with Applications


Projected Dynamical Systems and Variational Inequalities with Applications

Author: Anna Nagurney

language: en

Publisher: Springer

Release Date: 2013-03-26


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Equilibrium is a concept used in operations research and economics to understand the interplay of factors and problems arising from competitive systems in the economic world. The problems in this area are large and complex and have involved a variety of mathematical methodologies. In this monograph, the authors have widened the scope of theoretical work with a new approach, `projected dynamical systems theory', to previous work in variational inequality theory. While most classical work in this area is static, the introduction to the theory of projected dynamical systems will allow many real-life dynamic situations and problems to be handled and modeled. This monograph includes: a new theoretical approach, `projected dynamical system', which allows the researcher to model real-life situations more accurately; new mathematical methods allowing researchers to combine other theoretical approaches with the projected dynamical systems approach; a framework in which research can adequately model natural, financial and human (real life) situations in competitive equilibrium problems; the computational and numerical methods for the implementation of the methods and theory discussed in the book; stability analysis, algorithms and computational procedures are offered for each set of applications.

Network Economics


Network Economics

Author: Anna Nagurney

language: en

Publisher: Springer Science & Business Media

Release Date: 1998-12-31


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The second and revised edition of Network Economics: A Variational Inequality Approach provides an updated treatment of network economics through the inclusion of new theoretical results and new applications, as well as problems for self-study purposes and/or for use in the classroom. This volume remains true to the first edition in that it provides a unified treatment of finite-dimensional variational inequalities, algorithms, and applications. Physical networks are pervasive in today's society in the form of transportation networks, telecommunication networks, energy networks, and financial networks, whereas mathematical networks provide a mechanism for studying a plethora of economic equilibrium problems through a common graphic structure. Network Economics establishes the connections among economic equilibrium problems through their network structure and demonstrates how the structure can then be used to address policy interventions, as well as to construct efficient numerical schemes for the computation of equilibria. The network framework provides not only a mechanism for the graphic representation of economic problems and a means for visualizing their similarities and differences, but, in addition, a novel theoretical approach. Problems treated include: congested transportation systems, oligopolistic market equilibrium problems, problems of human migration, and general financial and economic equilibrium problems. New applications covered in this second edition include environmental networks and knowledge networks.