Publication | Closed Access
Good, bad, or optimal?
91
Citations
2
References
1971
Year
EngineeringBehavioral Decision MakingIndustrial EngineeringQuadratic Performance IndexOperations ResearchStabilitySteady StateOptimal DevelopmentSystems EngineeringDecision TheoryControl ApplicationControl MethodEconomicsControl StrategyPlant-wide ControlControl DesignAbstract-optimal ControlBehavioral EconomicsEnergy ManagementProcess ControlBusinessPositive EconomicsPrice Of Anarchy
Abstract-Optimal control with a quadratic performance index has been suggested as a solution to the problem of regulating an industrial plant in the vicinity of a steady state. It is shown that such control is usually not feasible, and if feasible can have serious defects.
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