Estimating residual unbalances of a flexible rotor that is fully levitated on active magnetic bearings (AMBs) are challenging tasks due to the modeling error of AMB rotordynamic parameters. In this work, an identification algorithm has been developed for the estimation of dynamic parameters of speed-dependent AMBs and residual unbalances in a high-speed flexible rotor-bearing system. Parameters are identified during an estimation process with the help of displacement and current information at AMB locations only. For reducing the finite element model to suit the measurement availability, an improved dynamic reduction scheme has been proposed, which considers the gyroscopic matrix also in the transformation matrix. For a numerical testing of the developed identification algorithm, a multidisk flexible-shaft rotor is considered, which is fully levitated on AMBs. Speed-dependent AMB parameters have been modeled by a cubic function. Proportional–integral–derivative (PID) controllers are used to control the supply current to AMBs. Displacements and currents are generated using the finite element method of the rotor-AMB numerical model. These responses have been used in the identification algorithm for the estimation of the AMB displacement and current stiffness as well as of residual unbalances, concurrently. The algorithm with the proposed reduction scheme has shown an excellent estimation agreement in the presence of noisy responses and bias errors in rotor model parameters.

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