Encyclopedia of Systems and Control

Living Edition
| Editors: John Baillieul, Tariq Samad

Economic Model Predictive Control

Living reference work entry
DOI: https://doi.org/10.1007/978-1-4471-5102-9_6-1

Abstract

Economic Model Predictive Control (EMPC) is a variant of Model Predictive Control aimed at maximization of system’s profitability. It allows one to explicitly deal with hard and average constraints on system’s input and output variables as well as with nonlinearity of dynamics. We provide basic definitions and concepts of the approach and highlight some promising research directions.

Keywords

Profit maximization Constrained systems Dynamic programming 
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Copyright information

© Springer-Verlag London 2013

Authors and Affiliations

  1. 1.Dept. of Electrical and Electronic Engineering, Imperial College LondonLondonUK