A Novel Practical and Fast Economic Method Based on Nonconvex Quadratic Programming

David Rodrigues and Manuel Seruca

MPRA Paper from University Library of Munich, Germany

Abstract: In many industries such as power system, economic operations problems are usually nonconvex problems that are hard to be solved. This paper presents a novel YALMIP-based nonconvex quadratic programming model as a tool to find solution for which is accurate, and there is no need to convexify the problem. In the end, the effectiveness of the method is shown by applying it to nonconvex problems.

Keywords: Economics; Mathematical economic model; Industrial Application (search for similar items in EconPapers)
JEL-codes: A1 A2 G1 G10 H0 L0 L8 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:95392

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