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The proposed methodology is based on González and Medina (2001) and combines the static equilibrium plan and profile for long-term analysis.
The concept of equilibrium plan form and equilibrium profile has been widely used as an engineering tool in order to design beach nourishment projects.
This methodology includes a modified equilibrium plan form, which is able to define the orientation of the local wave front in the diffracting point, and also to locate the downcoast starting point of the static equilibrium beach from which the parabolic plan form of Hsu and Evans (1989) is valid.
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The impact of cap-and-trade policy on the equilibrium generation expansion plan and the electricity market operation is examined via variations in prices, CO2 emissions, demand, and evolution of technology mix in the generation portfolio over a planning horizon.
Provided manufacturers do not alter their investment plans, equilibrium will be established at a lower level of income.
And it contains one equilibrium condition: that planned saving must equal planned investment in every period if the income level of the period is to be sustained.
Third, sensitivity analysis provides useful information for designing or planning various equilibrium systems.
Various strategies for response manoeuvres are proposed based on a path planning scheme called "equilibrium shaping".
The new procedure is able to locate the downcoast starting point of the static equilibrium beach from which the parabolic plan form of Hsu and Evans is valid.
This has been shown in the case of unit-commitment problems that can make a decentralized market equilibrium less efficient than a centrally planned solution.
Rutten argues that HRH planning should adopt general equilibrium models bringing together labour market factors and funds availability [ 4].
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CEO of Professional Science Editing for Scientists @ prosciediting.com