LPT-2009-21 [BibTeX]
Lynn Würth, James B. Rawlings, Wolfgang Marquardt:
Economic dynamic real-time optimization and nonlinear model-predictive control on infinite horizons
In: ADCHEM 2009 (International Symposium on Advanced Control of Chemical Processes), Istanbul, Turkey, 12-15.07.2009
Abstract:
This paper investigates the formulation of nonlinear model-predictive control
problems with economic objectives on an infinite horizon.
The proposed formulation guarantees nominal stability for closed-loop operation. Furthermore,
a novel solution method of the infinite horizon method through a transformation of the
independent time variable is employed. The closed-loop optimization with infinite horizon
is compared to a finite-horizon formulation. A small case study is presented for illustration
purposes.
Keywords:
Dynamic Real-Time Optimization, Economic Objective, Nonlinear Model-Predictive Control, Infinite Horizon, Stability