COST - APMonitor Option
Main.OptionCost History
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%width=50px%Attach:mv.png %width=50px%Attach:cv.png[[Main/DbsVariable|Local Options]] | %width=30px%Attach:apm.png [[Main/DbsGlobal|Global Options]]
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COST is multiplied by the FV, MV, or CV and the product is included in the objective function to favor maximizing (-) or minimizing (+) that quantity. It is important that the relative magnitude of each term in the objective function is scaled appropriately to ensure that the optimizer achieves a solution that is overall optimal with weighting that ranks the importance of each term. One method to appropriately weight values is to put COST in terms of monetary units.
to:
COST is multiplied by the MV or CV value and the product is included in the objective function to favor maximizing (-) or minimizing (+) that quantity. It is important that the relative magnitude of each term in the objective function is scaled appropriately to ensure that the optimizer achieves a solution that is overall optimal with weighting that ranks the importance of each term. One method to appropriately weight values is to put COST in terms of monetary units.
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%width=50px%Attach:mv.png %width=50px%Attach:cv.png
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COST is multiplied by the FV, MV, or CV and the product is included in the objective function to favor maximizing (-) or minimizing (+) that quantity. It is important that the relative magnitude of each term in the objective function is scaled appropriately to ensure that the optimizer achieves a solution that is overall optimal with weighting that is specifically desired.
to:
COST is multiplied by the FV, MV, or CV and the product is included in the objective function to favor maximizing (-) or minimizing (+) that quantity. It is important that the relative magnitude of each term in the objective function is scaled appropriately to ensure that the optimizer achieves a solution that is overall optimal with weighting that ranks the importance of each term. One method to appropriately weight values is to put COST in terms of monetary units.
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(:title COST - APMonitor Option:)
(:keywords COST, Optimization, Estimation, Option, Configure, Default, Description:)
(:description Cost weight (+)=minimize, (-)=maximize:)
%width=50px%Attach:fv.png %width=50px%Attach:mv.png %width=50px%Attach:cv.png
Type: Floating Point, Input
Default Value: 0.0
Description: Cost weight: (+)=minimize, (-)=maximize
COST is multiplied by the FV, MV, or CV and the product is included in the objective function to favor maximizing (-) or minimizing (+) that quantity. It is important that the relative magnitude of each term in the objective function is scaled appropriately to ensure that the optimizer achieves a solution that is overall optimal with weighting that is specifically desired.
See also [[https://apmonitor.com/do/index.php/Main/ControllerObjective|Dynamic Control Objectives]]
(:keywords COST, Optimization, Estimation, Option, Configure, Default, Description:)
(:description Cost weight (+)=minimize, (-)=maximize:)
%width=50px%Attach:fv.png %width=50px%Attach:mv.png %width=50px%Attach:cv.png
Type: Floating Point, Input
Default Value: 0.0
Description: Cost weight: (+)=minimize, (-)=maximize
COST is multiplied by the FV, MV, or CV and the product is included in the objective function to favor maximizing (-) or minimizing (+) that quantity. It is important that the relative magnitude of each term in the objective function is scaled appropriately to ensure that the optimizer achieves a solution that is overall optimal with weighting that is specifically desired.
See also [[https://apmonitor.com/do/index.php/Main/ControllerObjective|Dynamic Control Objectives]]