The theory of mechanism design can be thought of as the “engineering” side of economic theory. Much theoretical work, of course, focuses on existing economic institutions. The theorist wants to explain or forecast the economic or social outcomes that these institutions generate. But in mechanism design theory the direction of inquiry is reversed. We begin by identifying our desired outcome or s...

It is desired to make the Economic Plantwide Control design procedure proposed by Skogestad (2000, 2004, 2012) available for engineers without deep knowledge of process control or optimization. The integration of the use of commercial process simulators to obtain the process model could be a useful tool for the automation of the economic plantwide design procedure. However, process simulators a...