LAPSE:2023.23894
Published Article
LAPSE:2023.23894
Inertial Optimization Based Two-Step Methods for Solving Equilibrium Problems with Applications in Variational Inequality Problems and Growth Control Equilibrium Models
March 27, 2023
Abstract
This manuscript aims to incorporate an inertial scheme with Popov’s subgradient extragradient method to solve equilibrium problems that involve two different classes of bifunction. The novelty of our paper is that methods can also be used to solve problems in many fields, such as economics, mathematical finance, image reconstruction, transport, elasticity, networking, and optimization. We have established a weak convergence result based on the assumption of the pseudomonotone property and a certain Lipschitz-type cost bifunctional condition. The stepsize, in this case, depends upon on the Lipschitz-type constants and the extrapolation factor. The bifunction is strongly pseudomonotone in the second method, but stepsize does not depend on the strongly pseudomonotone and Lipschitz-type constants. In contrast, the first convergence result, we set up strong convergence with the use of a variable stepsize sequence, which is decreasing and non-summable. As the application, the variational inequality problems that involve pseudomonotone and strongly pseudomonotone operator are considered. Finally, two well-known Nash−Cournot equilibrium models for the numerical experiment are reviewed to examine our convergence results and show the competitive advantage of our suggested methods.
Keywords
control parameters, energy production models, Lipschitz-type conditions, Nash-Cournot oligopolistic equilibrium model, optimization problems, variational inequality
Suggested Citation
Rehman HU, Kumam P, Shutaywi M, Alreshidi  NA, Kumam W. Inertial Optimization Based Two-Step Methods for Solving Equilibrium Problems with Applications in Variational Inequality Problems and Growth Control Equilibrium Models. (2023). LAPSE:2023.23894
Author Affiliations
Rehman HU: KMUTTFixed Point Research Laboratory, KMUTT-Fixed Point Theory and Applications Research Group, SCL 802 Fixed Point Laboratory, Department of Mathematics, Faculty of Science, King Mongkut’s University of Technology Thonburi (KMUTT), 126 Pracha-Uthit Roa [ORCID]
Kumam P: KMUTTFixed Point Research Laboratory, KMUTT-Fixed Point Theory and Applications Research Group, SCL 802 Fixed Point Laboratory, Department of Mathematics, Faculty of Science, King Mongkut’s University of Technology Thonburi (KMUTT), 126 Pracha-Uthit Roa [ORCID]
Shutaywi M: Department of Mathematics, College of Science & Arts, King Abdulaziz University, P. O. Box 344, Rabigh 21911, Saudi Arabia [ORCID]
Alreshidi  NA: Department of Mathematics, College of Science, Northern Border University, Arar 73222, Saudi Arabia [ORCID]
Kumam W: Program in Applied Statistics, Department of Mathematics and Computer Science, Faculty of Science and Technology, Rajamangala University of Technology Thanyaburi, Thanyaburi, Pathumthani 12110, Thailand [ORCID]
Journal Name
Energies
Volume
13
Issue
12
Article Number
E3292
Year
2020
Publication Date
2020-06-26
ISSN
1996-1073
Version Comments
Original Submission
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PII: en13123292, Publication Type: Journal Article
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LAPSE:2023.23894
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https://doi.org/10.3390/en13123292
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