Jian “Jay” Yao - UC Berkeley Industrial Engineering and Operations ...

Jian “Jay” Yao
Home Address:
1451 Beach Park Blvd
APT 101
Forster City, CA 94404
Research Interests
Campus Address:
Department of IEOR
4141 Etcheverry Hall
University of California at Berkeley
Berkeley, CA 94720
Tel: (650) 571-5966(h) , (510)219-6897(c)
Fax: (510) 642-1403
E-mail: jyao@ieor.berkeley.edu
Web: http://www.ieor.berkeley.edu/~jyao
Complex system modeling, optimization and simulation
Electricity market policy and operations
OR methods in economics
Complementarity problems
Market engineering
Supply chain management
Education
Grants
Ph.D. Industrial Engineering and Operations Research, University of California, 2006 (expected)
Minors: Economics, Finance
Dissertation: Cournot Equilibrium in Two-settlement Electricity Markets: Formulation and
Computation
Committee: Shmuel S Oren (chair), Ilan Adler (Co-chair), Richard Gilbert
M.S. Industrial Engineering and Operations Research, University of California
M.S. Computer Science, University of North Carolina
M.S. Mechanical Engineering, Shanghai Jiao Tong University, China
B.S. Mechanical Engineering, Shanghai Jiao Tong University, China
A computational two-settlement Cournot model of the California electricity market
Funded by University of California Energy Institute (UCEI).
June 2005 – May 2006, Co-PI.
Virtual Manufacturing System
Key project of Natural Science Foundation of China (NSFC)
January 1998 – December 2000, Co-PI.
Publications
Archival Journals
1. Yao J. and R. Gilbert. Bayesian Dynamics in Two-period Markets. In preparation.
2. D. Veit, J. Yao and S. S. Oren. 2005. Multi-Agent Simulation of Strategic Dynamics in Electricity
Markets. In preparation
3. Yao, J., I. Adler and S. S. Oren. 2005. An EPEC Algorithm for an Equilibrium Model of Two-settlement
Electricity Markets. Operations Research. Under review

4. Yao, J., S. Oren and I. Adler. 2005. Cournot Equilibria in Two-Settlement Electricity Markets with System
Contingencies. International Journal of Critical Infrastructure. Under review
5. Yao, J., S. Oren and I. Adler. 2005. Two-settlement Electricity Markets with Price Caps and Cournot
Generation Firms. European Journal of Operational Research., to appear
6. Yao, J., J. Yan, S. Fu, Z. Jiang and D. Ma. 1999. A Frame for Distributed Virtual Manufacturing, China
Mechanical Engineering 10(4)
7. Yan, J., X. Fan and J. Yao. 1998. The Architecture and Key Technologies of Virtual Manufacturing
Systems. China Mechanical Engineering, 9(11)
8. Yao, J., J. Yan, D. Ma and Y. Jin. 1998. On Key Technologies for Virtual Manufacturing. Machinebuilding
Industry Automation 20(3) 1-4,
9. Yao, J., J. Yan, Q. Ni and D. Ma. 1998. The Methodology of Generative Planning in Integrated CAPP.
Machine-building Industry Automation 20(1) 42-46
Conferences Proceedings
10. Yao, J., S. Oren and I. Adler. 2005. Cournot Equilibria in Two-Settlement Electricity Markets with System
Contingencies. NSF Electric Power Network Efficiency and Security (EPNES) special conference, Nigeria.
11. Yao, J., B. Willems, S. Oren and I. Adler. 2005. Cournot Equilibrium in Price-capped Two-Settlement
Electricity Markets. Proceeding of the 38th Hawaii International Conference on Systems Sciences (HICSS
38). Big Island, Hawaii.
12. Yao, J., S. Oren and I. Adler. 2004. Computing Two-Settlement Cournot Equilibria in Electricity Markets,
Proceeding of the 37th Hawaii International Conference on Systems Sciences (HICSS 37). Big Island,
Hawaii.
13. Peng, Y., B Chu, J. Yao, et al. 1999. A negotiation-based Multi-agent System for Supply Chain
Management. the Workshop on Agent-based Decision Support for Managing the Internet-Enable Supplychain,
The International Conference on Autonomous Agents (Agents '99), Seattle, WA.
Presentations
1. INFORMS annual meeting, Computing Sub-game Perfect Nash Equilibrium in Electricity Markets, San
Francisco, CA, November 13-16, 2005.
2. Lawrence Berkeley National Laboratory, invited talk, Modeling and Computing Two-Settlement Market
Equilibrium in Congested Electricity Systems, Berkeley, CA, October 28, 2005
3. 4th International Conference on Complementarity Problems (ICCP’05), An EPEC algorithm for a Twosettlement
Electricity Market Equilibrium Model, Stanford University, Palo Alto, CA. August 9-12, 2005
4. EPNES special conference, “Cournot Equilibria in Two-Settlement Electricity Markets with System
Contingencies”, Nigeria, May 2005
5. SIAM conference on optimization, Cournot Equilibrium in Price-capped Electricity Markets”, (with Adler)
Stockholm, Sweden. May 15-19, 2005
6. Hawaii International conference on System Science (HICSS) 38, “Cournot Equilibrium in Price-capped
Electricity Markets”, Big island, Hawaii, January 4-7, 2005
7. Electric Power Research Institute (EPRI) , invited talk, “Cournot Equilibrium in Two-settlement
Electricity Market: Formulation and Computation”, Palo Alto, California, December 20, 2004
8. Power System Engineering Research Center (PSERC) Industrial-University meeting, Poster, Twosettlement
Electricity Markets with Congestion and Contingencies, Berkeley, CA, December 5-8, 2004
9. INFORMS annual meeting, “Two-settlement Cournot Equilibrium in Price-capped Electricity Markets”,
Denver, Colorado, October 24-27, 2004
10. Conference on Applied Mathematical Programming and Modeling (APMOD) 2004, Plenary Presentation,
Multi-settlement Equilibrium in Competitive Electricity Markets, (with Adler), Brunel University,
Uxbridge, Middlesex, United Kingdom, June 21-23 2004
11. University of California Energy Institute, , invited talk, Cournot Equilibria of Two-settlement Electricity
Markets, Berkeley, CA, April 2, 2004

12. Hawaii International conference on System Science (HICSS) 37, Computing Two Settlement Cournot
Equilibria in Electricity Markets, Hawaii, January 5-8, 2004.
13. INFORMS annual meeting, Computing Two Settlement Cournot Equilibria in Electricity Markets, Atlanta,
Georgia October 18-22, 2003.
14. AIEC99: AAAI-99 Workshop on Artificial Intelligence in Electronic Commerce, “A CSP-Based Model for
Integrated Supply Chains”, (with Sun, Chu, and Wilhelm), Seattle, WA, July 18, 1999
Professional Experience
Software engineer, Oracle Corporation, 2000 – 2001
Research assistant, IBM Corporation, 1998 – 2000
Research Experience
A computational two-settlement Cournot model of the California electricity market
University of California, Berkeley, CA June 2005 – May 2006
Research supported by University of California Energy Institute (UCEI). This project aims at applying our
theoretical study on two-settlement electricity markets to a realistic network, the California electricity
market.
Two-settlement Electricity Markets: Formulation and Computation
University of California, Berkeley, CA
August 2002 – present
Research supported by NSF and PSERC. This project uses analytical economic modeling and non-linear
optimization technologies in the context of electricity market designs and policy analysis. The equilibrium
of two-settlement electricity markets is modeled as a stochastic equilibrium problem with equilibrium
constraints (EPEC), in which each firm solves a mathematical program with equilibrium constraints
(MPEC). Special purpose MPEC/EPEC algorithms are developed.
EECOMS: The Extended Enterprise Coalition for Integrated Collaborative Manufacturing System
NIST/IBM Corp. August 1998 – June 2000
Research supported by the NIST ATP (Advanced Technology Program). This project studies the XMLbased
infrastructure in supply chain integration. I developed the rule-based negotiation system for vendor
selection/qualification.
Virtual Manufacturing (VM) Systems
Shanghai Jiao Tong University, Shanghai, China December 1997 – June 1998
Research supported by NSF of China. This project pilots the frame and key technologies of virtual
manufacturing that China manufacturing industry faces in the 21st century.
Integrated Computer-aided Process Planning (CAPP) System
Shanghai Jiao Tong University, Shanghai, China January 1994 – May 1996
Research supported by China hi-tech program. This project aims to integrate product design, routine
planning and manufacturing resources. Through a form feature based CAD system, this system generates
NC manufacturing code while considering the resource capacities.
Teaching Experience
Instructor (with full responsibilities), University of California, Spring, 2005
Principle of Engineering Economics (upper-division undergraduate course)
class size: >100 students

Course Description: Capital flows, effect of time and interest rate. Alternatives of project evaluation.
Minimum-cost life and replacement analysis. Uncertainty; preference under risk; decision analysis.
Forward and future contracts. Option pricing.
Teaching assistant, University of California, Fall, 2004
Principle of Engineering Economics (upper-division undergraduate course)
class size: ≈80 students
Teaching assistant, University of California, Fall, 2002
Mathematical Programming (required course for PhD students)
class size: >30 students
Course description: Simplex method; duality theory; sensitivity analysis; convergence; polynomial time
algorithms; network flows models; optimality conditions for non linear optimization problems.
Honors (since 2001)
Student paper contest award, ENRE division, INFORMS, 2004
Participant, Future Academician Colloquium, INFORMS, 2004
Fellow, Summer Institute for Academic and Professional Development, University of California at
Berkeley, 2004 (27 fellows selected from all PhD candidates at UC-Berkeley)
Graduate fellowship, University of California at Berkeley, 2002
Professional Service and Affiliation
Member, INFORMS and IEEE
Referee, Operations Research, European Journal of Operational Research, The Energy Journal, Hawaii
International Conference on System Science
Officer, UC-Berkeley chapter, INFORMS