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Multivariate economic performance assessment of an MPC controlled electric arc furnace
Authors:Wei Donghui  Craig Ian K  Bauer Margret
Affiliation:Department of Electrical, Electronic and Computer Engineering, University of Pretoria, 0002, South Africa.
Abstract:Economic performance is very important to advanced process control projects investigating whether the investment of control technology is worthwhile. In this paper economic performance assessment of a simulated electric arc furnace is conducted. The dependence of controlled variables and the corresponding economic impact are highlighted.
Keywords:Economic performance assessment  Electric arc furnace  Model predictive control  Scatter plot  (Joint) performance function
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