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Near-optimal performance of stochastic economic MPC
Publikationstyp
Conference Paper
Date Issued
2024-12
Sprache
English
Start Page
2565
End Page
2571
Citation
63rd IEEE Conference on Decision and Control, CDC 2024
Contribution to Conference
Publisher DOI
Scopus ID
Publisher
IEEE
ISSN
07431546
ISBN
979-8-3503-1633-9
979-8-3503-1634-6
979-8-3503-1632-2
This paper presents first results for near optimality in expectation of the closed-loop solutions for stochastic economic MPC. The approach relies on a recently developed turnpike property for stochastic optimal control problems at an optimal stationary process, combined with techniques for analyzing time-varying economic MPC schemes. We obtain near optimality in finite time as well as overtaking and average near optimality on infinite time horizons.
DDC Class
600: Technology