at Google ScholarTitle data
Schießl, Jonas ; Ou, Ruchuan ; Faulwasser, Timm ; Baumann, Michael Heinrich ; Grüne, Lars:
Near-optimal performance of stochastic economic MPC.
Bayreuth
,
2024
. - 7 p.
DOI: https://doi.org/10.48550/arXiv.2403.15159
Project information
| Project title: |
Project's official title Project's id Stochastic Optimal Control and MPC - Dissipativity, Risk, and Performance 499435839 |
|---|---|
| Project financing: |
Deutsche Forschungsgemeinschaft |
Abstract in another language
This paper presents first results for near optimality in expectation of the closed-loop solutions for stochastic economic MPC. The approach relies on a recently developed turnpike property for stochastic optimal control problems at an optimal stationary process, combined with techniques for analyzing time-varying economic MPC schemes. We obtain near optimality in finite time as well as overtaking and average near optimality on infinite time horizons.