Department of Electrical, Electronic and Computer Engineering, University of Pretoria, 0002, South Africa
Wei, D., Department of Electrical, Electronic and Computer Engineering, University of Pretoria, 0002, South Africa; Craig, I.K., Department of Electrical, Electronic and Computer Engineering, University of Pretoria, 0002, South Africa; Bauer, M., Department of Electrical, Electronic and Computer Engineering, University of Pretoria, 0002, South Africa
Economic performance is very important to advanced process control projects investigating whether the investment of control technology is worthwhile. In this paper economic performance assessment of a simulated electric arc furnace is conducted. The dependence of controlled variables and the corresponding economic impact are highlighted. © 2007 ISA.