Abstract
The control of a chemical plant may be viewed as an attempt to vary the plant inputs in such a way as to maximize a specified performance criterion, i.e., the average rate of return on investment. This must be done in the face of uncertainties as to the values of the parameters describing the process and specifying the economic performance criterion, and in spite of uncontrollable plant disturbances which are also partly random in nature.
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Schedule a callMore From: Transactions of the American Institute of Electrical Engineers, Part I: Communication and Electronics
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