Abstract: This paper studies the optimal investment strategies for a plan member (PM) in a defined contribution (DC) pension scheme with transaction cost, taxes on invested funds and couple risky assets (stocks) under the Ornstein-Uhlenbeck (O-U) process. The PM’s portfolio is assumed to consist of a risk-free asset and two risky assets where the two risky assets are driven by the O-U process. The Legendre transformation and dual theory is use to transform the resultant optimal control problem which is a nonlinear partial differential equation (PDE) into linear PDE and the resultant linear PDE is then solved for the explicit solutions of the optimal investment strategies for PM exhibiting constant absolute risk aversion (CARA) using change of variable technique. Furthermore, theoretical analysis is used to study the influences of some sensitive parameters on the optimal investment strategies with observations that the optimal investment strategies for the two risky assets increase with increase in the dividend and decreases with increase in tax on the invested funds, risk averse coefficient, initial fund size and the transaction cost.
Abstract: This paper develops a robust deadlock control technique for shared and unreliable resources in automated manufacturing systems (AMSs) based on structural analysis and colored Petri nets, which consists of three steps. The first step involves using strict minimal siphon control to create a live (deadlock-free) system that does not consider resource failure. The second step uses an approach based on colored Petri net, in which all monitors designed in the first step are merged into a single monitor. The third step addresses the deadlock control problems caused by resource failures. For all resource failures in the Petri net model a common recovery subnet based on colored petri net is proposed. The common recovery subnet is added to the obtained system at the second step to make the system reliable. The proposed approach is evaluated using an AMS from the literature. The results show that the proposed approach can be applied to an unreliable complex Petri net model, has a simpler structure and less computational complexity, and can obtain one common recovery subnet to model all resource failures.
Abstract: This paper presents a multi-objective optimal design of
a cascade control system for an underactuated mechanical system.
Cascade control structures usually include two control algorithms
(inner and outer). To design such a control system properly, the
following conflicting objectives should be considered at the same
time: 1) the inner closed-loop control must be faster than the outer
one, 2) the inner loop should fast reject any disturbance and prevent
it from propagating to the outer loop, 3) the controlled system
should be insensitive to measurement noise, and 4) the controlled
system should be driven by optimal energy. Such a control problem
can be formulated as a multi-objective optimization problem such
that the optimal trade-offs among these design goals are found.
To authors best knowledge, such a problem has not been studied
in multi-objective settings so far. In this work, an underactuated
mechanical system consisting of a rotary servo motor and a ball
and beam is used for the computer simulations, the setup parameters
of the inner and outer control systems are tuned by NSGA-II
(Non-dominated Sorting Genetic Algorithm), and the dominancy
concept is used to find the optimal design points. The solution of
this problem is not a single optimal cascade control, but rather a set
of optimal cascade controllers (called Pareto set) which represent the
optimal trade-offs among the selected design criteria. The function
evaluation of the Pareto set is called the Pareto front. The solution
set is introduced to the decision-maker who can choose any point
to implement. The simulation results in terms of Pareto front and
time responses to external signals show the competing nature among
the design objectives. The presented study may become the basis for
multi-objective optimal design of multi-loop control systems.
Abstract: In this paper, we studied the effect of supplementary premium on the optimal portfolio policy in a defined contribution (DC) pension scheme with refund of premium clauses. This refund clause allows death members’ next of kin to withdraw their relative’s accumulated wealth during the accumulation period. The supplementary premium is to help sustain the scheme and is assumed to be stochastic. We considered cases when the remaining wealth is equally distributed and when it is not equally distributed among the remaining members. Next, we considered investments in cash and equity to help increase the remaining accumulated funds to meet up with the retirement needs of the remaining members and composed the problem as a continuous time mean-variance stochastic optimal control problem using the actuarial symbol and established an optimization problem from the extended Hamilton Jacobi Bellman equations. The optimal portfolio policy, the corresponding optimal fund size for the two assets and also the efficient frontier of the pension members for the two cases was obtained. Furthermore, the numerical simulations of the optimal portfolio policies with time were presented and the effect of the supplementary premium on the optimal portfolio policy was discussed and observed that the supplementary premium decreases the optimal portfolio policy of the risky asset (equity). Secondly we observed a disparity between the optimal policies for the two cases.
Abstract: The control problem of underactuated spacecrafts has
attracted a considerable amount of interest. The control method for
a spacecraft equipped with less than three control torques is useful
when one of the three control torques had failed. On the other hand,
the quantized control of systems is one of the important research
topics in recent years. The random dither quantization method that
transforms a given continuous signal to a discrete signal by adding
artificial random noise to the continuous signal before quantization
has also attracted a considerable amount of interest. The objective of
this study is to develop the control method based on random dither
quantization method for stabilizing the rotational motion of a rigid
spacecraft with two control inputs. In this paper, the effectiveness of
random dither quantization control method for the stabilization of
rotational motion of spacecrafts with two torque inputs is verified
by numerical simulations.
Abstract: The random dither quantization method enables us
to achieve much better performance than the simple uniform
quantization method for the design of quantized control systems.
Motivated by this fact, the stochastic model predictive control
method in which a performance index is minimized subject to
probabilistic constraints imposed on the state variables of systems
has been proposed for linear feedback control systems with random
dither quantization. In other words, a method for solving optimal
control problems subject to probabilistic state constraints for linear
discrete-time control systems with random dither quantization has
been already established. To our best knowledge, however, the
feasibility of such a kind of optimal control problems has not
yet been studied. Our objective in this paper is to investigate the
feasibility of stochastic model predictive control problems for linear
discrete-time control systems with random dither quantization. To
this end, we provide the results of numerical simulations that verify
the feasibility of stochastic model predictive control problems for
linear discrete-time control systems with random dither quantization.
Abstract: Recently, feedback control systems using random dither
quantizers have been proposed for linear discrete-time systems.
However, the constraints imposed on state and control variables
have not yet been taken into account for the design of feedback
control systems with random dither quantization. Model predictive
control is a kind of optimal feedback control in which control
performance over a finite future is optimized with a performance
index that has a moving initial and terminal time. An important
advantage of model predictive control is its ability to handle
constraints imposed on state and control variables. Based on the
model predictive control approach, the objective of this paper is to
present a control method that satisfies probabilistic state constraints
for linear discrete-time feedback control systems with random dither
quantization. In other words, this paper provides a method for
solving the optimal control problems subject to probabilistic state
constraints for linear discrete-time feedback control systems with
random dither quantization.
Abstract: Recent technological advance has prompted significant
interest in developing the control theory of quantum systems.
Following the increasing interest in the control of quantum
dynamics, this paper examines the control problem of Schrödinger
equation because quantum dynamics is basically governed by
Schrödinger equation. From the practical point of view, stochastic
disturbances cannot be avoided in the implementation of control
method for quantum systems. Thus, we consider here the robust
stabilization problem of Schrödinger equation against stochastic
disturbances. In this paper, we adopt model predictive control method
in which control performance over a finite future is optimized with
a performance index that has a moving initial and terminal time.
The objective of this study is to derive the stability criterion for
model predictive control of Schrödinger equation under stochastic
disturbances.
Abstract: Recently, optimal control problems subject to probabilistic
constraints have attracted much attention in many research field. Although
probabilistic constraints are generally intractable in optimization problems,
several methods haven been proposed to deal with probabilistic constraints.
In most methods, probabilistic constraints are transformed to deterministic
constraints that are tractable in optimization problems. This paper examines
a method for transforming probabilistic constraints into deterministic
constraints for a class of probabilistic constrained optimal control problems.
Abstract: In this paper, we analyzed the correlation relationship among PM2.5 from other five Air Quality Indices (AQIs) based on the grey relational degree, and built a multivariate nonlinear regression equation model of PM2.5 and the five monitoring indexes. For the optimal control problem of PM2.5, we took the partial large Cauchy distribution of membership equation as satisfaction function. We established a nonlinear programming model with the goal of maximum performance to price ratio. And the optimal control scheme is given.
Abstract: This paper addresses the control problem of a class of hyper-redundant arms. In order to avoid discrepancy between the mathematical model and the actual dynamics, the dynamic model with uncertain parameters of this class of manipulators is inferred. A procedure to design a feedback controller which stabilizes the uncertain system has been proposed. A PD boundary control algorithm is used in order to control the desired position of the manipulator. This controller is easy to implement from the point of view of measuring techniques and actuation. Numerical simulations verify the effectiveness of the presented methods. In order to verify the suitability of the control algorithm, a platform with a 3D flexible manipulator has been employed for testing. Experimental tests on this platform illustrate the applications of the techniques developed in the paper.
Abstract: The inverted pendulum system is a classic control
problem that is used in universities around the world. It is a suitable
process to test prototype controllers due to its high non-linearities and
lack of stability. The inverted pendulum represents a challenging
control problem, which continually moves toward an uncontrolled
state. This paper presents the possibility of balancing an inverted
pendulum system using sliding mode control (SMC). The goal is to
determine which control strategy delivers better performance with
respect to pendulum’s angle and cart's position. Therefore,
proportional-integral-derivative (PID) is used for comparison. Results
have proven SMC control produced better response compared to PID
control in both normal and noisy systems.
Abstract: In recent years, new techniques for solving complex
problems in engineering are proposed. One of these techniques is
JPSO algorithm. With innovative changes in the nature of the jump
algorithm JPSO, it is possible to construct a graph-based solution
with a new algorithm called G-JPSO. In this paper, a new algorithm
to solve the optimal control problem Fletcher-Powell and optimal
control of pumps in water distribution network was evaluated.
Optimal control of pumps comprise of optimum timetable operation
(status on and off) for each of the pumps at the desired time interval.
Maximum number of status on and off for each pumps imposed to the
objective function as another constraint. To determine the optimal
operation of pumps, a model-based optimization-simulation
algorithm was developed based on G-JPSO and JPSO algorithms.
The proposed algorithm results were compared well with the ant
colony algorithm, genetic and JPSO results. This shows the
robustness of proposed algorithm in finding near optimum solutions
with reasonable computational cost.
Abstract: In recent decades, probabilistic constrained optimal
control problems have attracted much attention in many research
fields. Although probabilistic constraints are generally intractable
in an optimization problem, several tractable methods haven been
proposed to handle probabilistic constraints. In most methods,
probabilistic constraints are reduced to deterministic constraints
that are tractable in an optimization problem. However, there is a
gap between the transformed deterministic constraints in case of
known and unknown probability distribution. This paper examines
the conservativeness of probabilistic constrained optimization method
for unknown probability distribution. The objective of this paper is
to provide a quantitative assessment of the conservatism for tractable
constraints in probabilistic constrained optimization with unknown
probability distribution.
Abstract: In this paper, we present a new maintenance model
for a partially observable system subject to two failure modes,
namely a catastrophic failure and a failure due to the system
degradation. The system is subject to condition monitoring and the
degradation process is described by a hidden Markov model. A
cost-optimal Bayesian control policy is developed for maintaining
the system. The control problem is formulated in the semi-Markov
decision process framework. An effective computational algorithm is
developed, illustrated by a numerical example.
Abstract: In this paper a nonlinear feedback control called augmented automatic choosing control (AACC) for a class of
nonlinear systems with constrained input is presented. When designed
the control, a constant term which arises from linearization of a
given nonlinear system is treated as a coefficient of a stable zero
dynamics. Parameters of the control are suboptimally selected by
maximizing the stable region in the sense of Lyapunov with the aid
of a genetic algorithm. This approach is applied to a field excitation
control problem of power system to demonstrate the splendidness
of the AACC. Simulation results show that the new controller can
improve performance remarkably well.
Abstract: In this paper, the numerical solution of optimal control problem (OCP) for systems governed by Volterra integro-differential
(VID) equation is considered. The method is developed by means
of the Legendre wavelet approximation and collocation method. The
properties of Legendre wavelet together with Gaussian integration
method are utilized to reduce the problem to the solution of nonlinear
programming one. Some numerical examples are given to confirm the
accuracy and ease of implementation of the method.
Abstract: The design of a feedback controller, so as to minimize a given performance criterion, for a general non-linear dynamical system is difficult; if not impossible. But for a large class of non-linear dynamical systems, the open loop control that minimizes a performance criterion can be obtained using calculus of variations and Pontryagin’s minimum principle. In this paper, the open loop optimal trajectories, that minimizes a given performance measure, is used to train the neural network whose inputs are state variables of non-linear dynamical systems and the open loop optimal control as the desired output. This trained neural network is used as the feedback controller. In other words, attempts are made here to solve the “inverse optimal control problem” by using the state and control trajectories that are optimal in an open loop sense.
Abstract: Distillation consumes enormous quantity of energy. This work proposed a process to recover the energy from exit streams during the distillation process of three consecutive columns. There are several novel techniques to recover the heat with the distillation system; however, a complex control system is required. This work proposed a simpler technique by exchanging the heat between streams without interrupting the internal distillation process that might cause a serious control problem. The proposed process is executed by using heat exchanger network with pinch analysis to maximize the process heat recovery. The test model is the distillation of butane, pentane, hexane, and heptanes, which is a common mixture in the petroleum refinery. This proposed process saved the energy consumption for hot and cold utilities of 29 and 27%, which is considered significant. Therefore, the recovery of heat from exit streams from distillation process is proved to be effective for energy saving.
Abstract: In this paper, we propose a solution to the motion
planning and control problem for a swarm of three-dimensional
boids. The swarm exhibit collective emergent behaviors within the
vicinity of the workspace. The capability of biological systems
to autonomously maneuver, track and pursue evasive targets in a
cluttered environment is vastly superior to any engineered system. It
is considered an emergent behavior arising from simple rules that are
followed by individuals and may not involve any central coordination.
A generalized, yet scalable algorithm for attraction to the centroid
and inter-individual swarm avoidance is proposed. We present a set
of new continuous time-invariant velocity control laws, formulated via
the Lyapunov-based control scheme for target attraction and collision
avoidance. The controllers provide a collision-free trajectory. The
control laws proposed in this paper also ensures practical stability
of the system. The effectiveness of the control laws is demonstrated
via computer simulations.