An overview of simultaneous strategies for dynamic optimization

Simultaneous approaches for dynamic optimization problems are surveyed and a number of emerging topics are explored. Also known as direct transcription, this approach has a number of advantages over competing dynamic optimization methods. Moreover, a number of industrial applications have recently been reported on challenging real-world applications. This study provides background information, summarizes the underlying concepts and properties of this approach, discusses recent advances in the treatment of discrete decisions and, finally, illustrates the approach with two process case studies.