= Mathematical programming with equilibrium constraints
{wiki=Mathematical_programming_with_equilibrium_constraints}
Mathematical programming with equilibrium constraints (MPEC) is a type of optimization problem that involves finding an optimal solution while satisfying certain equilibrium conditions, which are often described by complementarity conditions or variational inequalities. MPECs are particularly useful in areas where the decision-making process is influenced by equilibrium relationships, such as economics, engineering, and operations research.
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