The potential of Economic MPC for power management

Abstract

Economic Model Predictive Control is a receding horizon controller that minimizes an economic objective function rather than a weighted least squares objective function as in Model Predictive Control (MPC). We use Economic MPC to operate a portfolio of power generators and consumers such that the cost of producing the required power is minimized. The power… (More)
DOI: 10.1109/CDC.2010.5718175

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