A Bilevel Programming Formulation for Dynamic Real-time Optimization∗∗This work is sponsored by the McMaster Advanced Control Consortium (MACC) and the Ministry of Higher Education (MOHE), Malaysia

Abstract

Due to ever-challenging global market conditions, plant economic optimization is becoming more critical. Recent advances have transformed the traditional steady-state real-time optimization (RTO) system of plant economic optimization to dynamic real-time optimization (DRTO) based on a dynamic prediction model. DRTO strategies that have been proposed perform economic optimization in an open-loop fashion without taking into account the presence …