Lorenz T. Biegler, Department of Chemical Engineering, Carnegie Mellon University, Pittsburgh, PA 15213
Process optimization has become an essential activity in every engineering activity. It is an enabling tool for building process models, synthesizing and design processes and plants, planning and scheduling operations, and controlling the process. This talk provides an informal survey of how optimization methods have evolved over the past four decades. In addition to a description of key algorithmic concepts, a number of related issues dealing with software and hardware advances will be discussed. The survey will be illustrated with a number of case studies and future directions will be outlined.