Economic model predictive control of stochastic nonlinear systems

This work focuses on the design of stochastic Lyapunov‐based economic model predictive control (SLEMPC) systems for a broad class of stochastic nonlinear systems with input constraints. Under the assumption of stabilizability of the origin of the stochastic nonlinear system via a stochastic Lyapunov‐based control law, an economic model predictive controller is proposed that utilizes suitable constraints based on the stochastic Lyapunov‐based …