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This paper refers to the author's previous work, in which the ‘weak’ turnpike theorem in the stationary Gale economy was proved. This theorem states that each optimal growth process {y*(t)}t*1t=0 that leads the economy in the shortest possible time t*1 from the (initial) state of y0 to the set of target/postulated states Y1 almost always runs in the neighbourhood of the production turnpike, where...
Dynamic optimization allows for the determination of the upper bound of achievable performance in the operation of continuous chemical processes in transient operation which often results from load or grade changes. Performance assessment can rely on the computation of optimal trajectories for selected scenarios which properly reflect the operational envelope. Realistic industrial problems, however,...
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