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Training Sessions 2011 (choose one)
1) One and Two-Level
Energy Market Equilibrium Modeling
In this course, we examine both one and two-level models for determining equilibria in energy markets. In the former case, the mixed complementarity problem (MCP) format is used which generalizes optimization and Nash-Cournot games as well as a host of other problems in engineering-economic systems. In the latter case, we explore leader-follower (Stackelberg) games, their generalizations called mathematical programs with equilibrium constraints (MPEC) and equilibrium problems with equilibrium constraints (EPEC) in which there are multiple Stackelberg leaders. Applications in energy, with a focus to electricity, as well as some examples of methodologies are presented.
Trainer: Dr. Steven A. Gabriel, Professor of Operation Research and Project Management, University of Maryland, Research Professor at DIW Berlin, and co-author of the forthcoming book “Complementarity Modeling In Energy Markets” (Springer)
2) Modeling Watershed Economics and Policy
This course explores principles of optimization modeling in GAMS (General Algebraic Modeling System) with application to a range of policy debates that are important to the management of watersheds. This session will explore the use of optimization models that account for several important uses and values of water. We will examine and develop small GAMS models that optimize each of several uses of water, including agriculture, hydroelectric, urban, and environmental, in the face of various
hydrologic, ecological, agronomic, and institutional constraints. After examining models that optimize the economic performance of several single uses, we will examine models that account for multiple uses at the watershed scale. Finally, we plan to address policy options for promoting efficient, equitable, and sustainable water uses.
Trainer: Dr. Frank A. Ward, Professor of Water Economics, New Mexico State University, one of the leading water economists, with ample research and policy experience in modeling water systems and international river basin management
3) Regulatory Benchmarking for Network Industries - Theory
and Application to Electricity and Water
Given the current challenges in international infrastructure regulation, this session focuses on the advanced methods of parametric and nonparametric efficiency analysis for regulatory purposes. State-of-the-art econometric and nonparametric models for regulatory benchmarking are derived and applied to network industries like e.g. water and electricity utilities. Beside the introduction into production theory and into the general principles of efficiency analysis this course covers advanced models for data envelopment analysis (DEA) and cross-section and panel data models for stochastic frontier analysis (SFA). Topics are the estimation of economies of scale and scope, horizontal and vertical integration/separation, decomposition of productivity change.
Trainer: Dr. David Saal, Senior Lecturer and Research Convenor, Aston Centre for Critical Infrastructure & Services (ACCIS) at Aston University, and Research Professor at the German Institute for Economic Research (DIW Berlin). Dr. Saal has considerable experience in the economic modeling of infrastructure industry costs and its application to infrastructure industry issues; moreover, he also teaches post graduate modules on efficiency and cost modeling which are regularly attended by representatives of both infrastructure firms and their regulators.