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Solving the Neoclassical Growth Model with Quasi-Geometric Discounting: A Grid-Based Euler-Equation Method
Discounts neoclassical growth model grid euler equations
2015/7/21
Solving the Neoclassical Growth Model with Quasi-Geometric Discounting: A Grid-Based Euler-Equation Method.
Envelope condition method versus endogenous grid method for solving dynamic programming problems
Hoover Institution, Stanford University, USA University of Alicante, Spain
2015/7/21
We introduce an envelope condition method (ECM) for solving dynamic programming problems. The ECM method is simple to implement, dominates conventional value function iteration and is comparable in ac...
Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain
Smolyak method Sparse grid Adaptive domain Projection Anisotropic grid High-dimensional problem
2015/7/21
We show how to enhance the performance of a Smolyak method for solving dynamic economic models. First, we propose a more efficient implementation of the Smolyak
method for interpolation, namely, we s...
A resource allocation method based on competitiveness equilibrium for manufacturing grid
Competitive equilibrium Grid Iterative algorithm
2011/10/23
Optimal resource configuration is a critical issue for manufacturing grids. Economics is introduced for establishing a manufacturing grid resource marketplace and allocating resources based on market ...
A Market Design for Grid Computing
combinatorial call auction fair versus efficient allocation grid computing
2011/10/22
Grid computing uses software to integrate computing resources, such as CPU cycles, storage, network bandwidth, and even applications, across a distributed and heterogeneous set of networked computers....
Grid resource management based on economic mechanisms
Double auction Economic mechanism Grid computing Resource management Resource pricing
2011/9/21
Resources in the grid context belong to different control organizations with different interest, therefore the economic interest of each grid participant should be considered. The economic mechanism c...
Effect of Wind Generation System Rating on Transient Dynamic Performance of the Micro-Grid during Islanding Mode
MG Distributed Generators Wind Power Rating and Dynamic Performance
2013/2/25
Recently, several types of distributed generations (DGs) are connected together and form a small power system called Micro Grid (MG). This paper developed a complete model which can simulate in detail...