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The complexity of the model has been selected such that it is suitable for development of real-time optimization algorithms in an economic optimizing MPC framework.
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Edward R. Tufte, the author of "The Visual Display of Quantitative Information," is enthusiastic about the potential of digital globes to remind us of earth's offline realities — "by forgetting about the 3D whole Earth, flatland economic optimizing leads to global pessimizing" — as well as the possibility that a company like Apple will someday soon roll out a Retina-caliber spherical display.
Policy-makers in China realized that they could design an economic strategy, optimized to take maximum advantage of the weaknesses in our free-market-free-trade orthodoxy.
An effort to design and optimize an economic sludge reduction process is necessary.
Unlike conventional Lyapunov-based model predictive control (LMPC) schemes which typically utilize a quadratic cost function and regulate a process at a steady-state, LEMPC designs very often dictate time-varying operation to optimize an economic (typically non-quadratic) cost function.
Based on the model, an economic model was established to optimize the CO2 pipeline transport system economically and to evaluate the unit transport cost of CO2 pipeline in China.
These inspection and maintenance plans are optimized from an economic consideration.
However, the plant should be optimized on an economic basis and we will discuss this in a future paper.
Accordingly, transactive control is a framework that enables actors to interact with each other through an economic signal, in order to optimize the allocation of resources.
Our study provides a basis to optimize layer breeding programs from an economic point of view.
An economic evaluation was performed to optimize various design parameters by minimizing capital cost.
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