Computers & Chemical Engineering, Vol.73, 128-140, 2015
Iterative improvement of parameter estimation for model migration by means of sequential experiments
Determining an optimal design for estimation of parameters of a class of complex models expected to be built at a minimum cost is a growing trend in science and engineering. We adopt a scale-bias adjustment migration strategy for integrating base and new models based on similar nature underlying processes. Further, we propose a Bayesian sequential algorithm for obtaining the statistically most informative data about the migrated model for use in parameter estimation. The benefits of the proposed strategy over traditional approaches presented in recent reported work are demonstrated using Monte Carlo simulations. (C) 2014 Elsevier Ltd. All rights reserved.