June 1998

Instrumentation

Optimization and operational excellence

Applying operational excellence and optimization to control in the process industries will continue to provide significant economic benefits to business. However, optimization and operational excellen..

Funk, G. L, GLF/Technology Consulting

Applying operational excellence and optimization to control in the process industries will continue to provide significant economic benefits to business. However, optimization and operational excellence are not the same qualities. In the control industry, optimization is based on a well-defined mathematical operation. Optimization is the determination of and control in the best possible manner on some chosen criterion of optimality. The criterion is called a performance index. Optimization requires defining a single performance index that is to be maximized or minimized. The theory of optimal control and optimization is reaching a mature level and possesses numerous theoretical tool

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