This study is motivated by the evidence of global warming, which is caused by human activity but affects the efficiency of the economy. We employ the integrated assessment Nordhaus DICE-2007 model [16]. Generally speaking, the framework is that of dynamic optimization of the discounted...

This paper defines and simulates a closed-loop optimal control strategy for load shifting in a plant that is charged for electricity on both time-of-use (TOU) and maximum demand (MD). A model predictive control approach is used to implement the closed-loop optimal control model, and the...

The main objective is to improve the control performance during catalyst processing experiments in a furnace heated fluidised bed reactor. A model-based predictive control strategy is implemented for the tight control of the reactor temperature and the overall energy requirements. A detailed...

Increasing renewable generation results in growing supply uncertainty. By now hydrostorages are the most efficient way of smoothing uncertain power supply. In liberalized and competitive markets the valuation of hydro storages investment projects needs to take the market information and...