The utilization of closed‐loop prediction for dynamic real‐time optimization

Real‐time optimization (RTO) is a layer within the hierarchical process automation architecture in which economically optimal set‐points are computed for the underlying plant control system. RTO calculations are traditionally based on steady‐state models, but an increasingly global and dynamic marketplace has led to the development of dynamic RTO (DRTO) strategies. Typical DRTO approaches optimize process input trajectories based on the …