Economic Model Predictive Control (EMPC) is a control strategy that
moves process operation away from the steady-state paradigm toward
a potentially time-varying operating strategy to improve process
profitability. The EMPC literature is replete with evidence that
this new paradigm may enhance process profits when a model of the
chemical process provides a sufficiently accurate representation of
the process dynamics. Systems using EMPC often neglect the dynamics
associated with equipment and are often neglected when modeling a
chemical process. Recent studies have shown they can significantly
impact the effectiveness of an EMPC system. Concentrating on valve
behavior in a chemical process, this monograph develops insights
into the manner in which equipment behavior should impact the
design process for EMPC and to provide a perspective on a number of
open research topics in this direction. Written in tutorial style,
this monograph provides the reader with a full literature review of
the topic and demonstrates how these techniques can be adopted in a
practical system.
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