Energy extraction from ocean waves and conversion to electrical energy is a promising form of renewable energy, yet achieving economic viability of wave energy converters (WECs) has proven challenging. In this article, the design of a heaving cylinder WEC will be explored. The optimal plant (i.e. draft and radius) design space with respect to the design’s optimal control (i.e. power take-off tr...

We study optimal monetary policy design in a simple model that deviates from the linear-quadratic paradigm and provides a rationale for the practice of inflation zone targeting. We show that the presence of either zone-quadratic preferences or a zonelinear relationship between inflation and economic activity provides strong incentives to deviate from conventional linear policies. We calibrate t...

In this paper the problem of determining optimal designs for least squares estimation is considered in the common linear regression model with correlated observations. Our approach is based on the determination of ‘nearly’ universally optimal designs, even in the case where the universally optimal design does not exist. For this purpose we introduce a new optimality criterion which reflects the...

The extractive distillation of ethanol using glycerol as entrainer is studied, where a Numerical – Optimization based design, operation and controls were performed. The research includes several steps, where different kinds of numerical optimization are involved. Through the Optimization based design, it is possible to obtain both optimal operating conditions and optimal design. The solutions o...