HEALTH-AWARE CONTROLLER (HAC): COMBINING PRODUCTION OPTIMIZATION AND EQUIPMENT HEALTH MONITORING 

There is an intuitive trade-off between optimizing production and minimizing equipment degradation. In oil wells, for example, we want to extract as much oil as possible; however, the equipment tends to degrade faster if we increase the throughput. 

To address this trade-off, we applied a Health-aware controller (HAC) proposed by Escobert et al. (2012)  . This tool combines production optimization techniques with equipment health monitoring. Consequently, the controller can maximize the system’s economic performance, while preventing unexpected breakdowns.