JIC_V4_N1_RevP2 Prateek Kumar Pathak Lal Bahadur Prasad Journal on Instrumentation & Control Engineering 2321 – 1148 4 1 40 46 Model Predictive Control, Receding Horizon, Manipulated Variables, Constraints The Model Predictive Control (MPC) technique determines the receding horizon control solution by minimizing the cost function, while satisfying the constraints. This paper presents a review on the MPC technology and its future advancements. The control strategy, used to find the solution of an optimal control problem within the constraint limits is described in this paper. The various factors and the models influencing the MPC solution for the optimal control problems are also explained. A vision of the next generation of MPC technology with more emphasis on potential business and research opportunities are presented in this paper. November 2015 - January 2016 Copyright © 2016 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=3778