Profit Maximization of a Power Plant

• This paper addresses the problem of profit maximization of a power plant by utilizing three different fuel systems in an optimal manner Pontryagin's maximum principle is used to derive properties of the optimal control strategy. These properties give rise to a switching function. Subsequently, certain heuristics are introduced and used in combination with discrete optimization to obtain an initial trajectory of the switching function. An iterative procedure is proposed, which uses the initial trajectory for the computation of the optimal control strategy. The control strategy derived is a combination of a state feedback and time-varying feedforward term. Its performance is tested against input noise.

Subject headings

TEKNIK OCH TEKNOLOGIER  -- Elektroteknik och elektronik -- Reglerteknik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Electrical Engineering, Electronic Engineering, Information Engineering -- Control Engineering (hsv//eng)

Keyword

Singular optimal control

pontryagin's maximum principle

power systems

economic optimization

Publication and Content Type

ref (subject category)

art (subject category)