TY - GEN
T1 - Compromise between Investment and Return on Investment for a Small Building based on Economic Model Predicitive Control
AU - Liu, Tianyang
AU - Zheng, Tao
AU - Zhang, Baohui
AU - Bourdais, Romain
N1 - Funding Information:
This research was funded by the key Research and Development program of Shaanxi Province. grant number 2017ZDCXL-GY-02-03
Publisher Copyright:
© 2019 IEEE.
PY - 2019/10
Y1 - 2019/10
N2 - One of key problem of Smart Building is to search for return on investment. However, the challenge is that it is an optimization problem where the objective function or some of the constraints are nonlinear. In this paper, building parameters evaluate the passive cost and a simulation scenario including control system based on Economic Model Predictive Control (EMPC) has been developed to evaluate the operation cost. The minimization of electricity cost and comfort factor are two control optimization objectives in the system design. The investment cost and the operation cost utilize grid search (GS) to generate Pareto optimality for multi-objective problem. The acquired solutions are significant for building energy management and residents' comfort in informed decision-making.
AB - One of key problem of Smart Building is to search for return on investment. However, the challenge is that it is an optimization problem where the objective function or some of the constraints are nonlinear. In this paper, building parameters evaluate the passive cost and a simulation scenario including control system based on Economic Model Predictive Control (EMPC) has been developed to evaluate the operation cost. The minimization of electricity cost and comfort factor are two control optimization objectives in the system design. The investment cost and the operation cost utilize grid search (GS) to generate Pareto optimality for multi-objective problem. The acquired solutions are significant for building energy management and residents' comfort in informed decision-making.
KW - Economic Model Predictive Control
KW - Pareto optimality
KW - Smart Building
KW - grid search
KW - return on investment
UR - http://www.scopus.com/inward/record.url?scp=85096411104&partnerID=8YFLogxK
U2 - 10.1109/APAP47170.2019.9225105
DO - 10.1109/APAP47170.2019.9225105
M3 - Conference contribution
AN - SCOPUS:85096411104
T3 - APAP 2019 - 8th IEEE International Conference on Advanced Power System Automation and Protection
SP - 1568
EP - 1572
BT - APAP 2019 - 8th IEEE International Conference on Advanced Power System Automation and Protection
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 8th IEEE International Conference on Advanced Power System Automation and Protection, APAP 2019
Y2 - 21 October 2019 through 24 October 2019
ER -