MINDS @ UW-Madison

Process Control From An Economic Point of View-Chapter 2: Fixed Monitoring and Adjustment Costs

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Author(s)
Kramer, Tim
Date
Feb 1990
Abstract
The problem of choosing a control scheme that minimizes the combined costs of monitoring, adjustment and being off-target is discussed. In addition to the various costs, the choice depends on the nature of the disturbance and the dynamic relationship between control actions and their effects.
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http://digital.library.wisc.edu/1793/69197 
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