Optimal control theory provides a rigorous mathematical framework for determining control policies that optimise a given performance criterion while accounting for system dynamics and constraints. Its ...

Optimal control problems are mathematical formulations used to determine control strategies that yield a desired outcome while minimising a prescribed cost function. In many applications, these ...

Model Predictive Control (MPC) is a modern feedback law that generates the control signal by solving an optimal control problem at each sampling time. This approach is capable of maximizing a certain ...

Since mid-September, when former U.S. Treasury Secretary Larry Summers withdrew his name from consideration to replace Ben Bernanke as chairman of the Federal Reserve next year, market participants ...