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Economic nonlinear model predictive control
Publikationstyp
Journal Article
Date Issued
2018
Sprache
English
Author(s)
Volume
5
Issue
1
Start Page
224
End Page
409
Citation
Foundations and Trends in Systems and Control 5 (1): 224-409 (2018)
Publisher DOI
Scopus ID
Publisher
Now Publishers
In recent years, Economic Model Predictive Control (empc) has received considerable attention of many research groups. The present tutorial survey summarizes state-of-the-art approaches in empc. In this context empc is to be understood as receding-horizon optimal control with a stage cost that does not simply penalize the distance to a desired equilibrium but encodes more sophisticated economic objectives. This survey provides a comprehensive overview of empc stability results: with and without terminal constraints, with and without dissipativtiy assumptions, with averaged constraints, formulations with multiple objectives and generalized terminal constraints as well as Lyapunov-based approaches. Moreover, we compare different performance criteria for some of the considered approaches and comment on the connections to recent research on dissipativity of optimal control problems. We consider a discrete-time setting and point towards continuous-time variants. We illustrate the different empc schemes with several examples.
DDC Class
330: Economics