Tuning of DMC LPCOST factors

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Posted by Gary Cera on November 05, 19101 at 13:51:33:

One would think that if your LPCOST factors are calculated from a reasonably accurate source (such as a refinery LP), you could use these factors directly in your controller. Yet in the majority of the controllers I've seen the LPCOST factors have been "tuned" for better controller performance. I would be interested in hearing opposing viewpoints on whether LPCOST's should be tuned or better yet to know under what circumstances it makes sense to modify them.

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