Economic Model Predictive Control (EMPC) is a variant of Model Predictive Control aimed at maximization of system’s profitability. It allows one to explicitly deal with hard and average constraints on system’s input and output variables as well as with nonlinearity of dynamics. We provide basic definitions and concepts of the approach and highlight some promising research directions.
CITATION STYLE
Angeli, D. (2013). Economic Model Predictive Control BT - Encyclopedia of Systems and Control. In J. Baillieul & T. Samad (Eds.) (pp. 1–9). Springer London. Retrieved from https://doi.org/10.1007/978-1-4471-5102-9_6-1
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