Model Parameterization Tailored to Real-Time Optimization
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The process industries are characterized by a large number of continuously operating plants, for which optimal operation is of economic importance. However, optimal operation is particularly difficult to achieve when the process model used in the optimizat ...
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A previous study, of Wenk, 2011, showed, in the case of a simple heat exchanger model, inconsistencies between optimization results with different investment decision criteria. As a result, a deep analysis of the state of the art in financial decision maki ...
In the framework of process optimization, the use of measurements to compensate the effect of uncertainty has re-emerged as an active area of research. One of the ideas therein is to adapt the inputs in order to track the active constraints and push certai ...
