Receding Horizon Cost Optimization and Control for Nonlinear Plants

Abstract Control performance and cost optimization can be conflicting goals in the management of industrial processes. Even when optimal or optimization-based control synthesis tools are applied, the economic cost associated with plant operation is often only optimized according to static criteria that pick, among all feasible equilibria, those associated to minimal cost. This note collects and illustrates some recent advances in Receding Horizon optimization of nonlinear systems that allow to simultaneously optimize transient and steady-state economic performance.

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