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• W18061821 abstract "In this chapter, we explore the notions of equilibria and optimization and show how in some cases they are related. The notion of an equilibrium is a fundamental concept that has been used in a variety of disciplines such as economics, engineering, and science to name just a few. At its core, an equilibrium is a state of the system being modeled for which the system has no “incentive” to change. These incentives can be monetary in the case of economics or based on natural forces and scientific laws such as total input equals total output. Some well-known engineering examples include: conservation of energy, conservation of mass, conservation of momentum [8], steady-state probabilities in Markov chains such as birth-and-death processes [53] to name a few. These and other engineering examples are typified by a balancing of forces or conditions so that the state once reached will not easily (if at all) be left." @default.
• W18061821 created "2016-06-24" @default.
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• W18061821 date "2012-06-19" @default.
• W18061821 modified "2023-09-26" @default.
• W18061821 title "Equilibria and Complementarity Problems" @default.
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• W18061821 doi "https://doi.org/10.1007/978-1-4419-6123-5_4" @default.
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