I want to apply and study the delay compensation techniques. I have go through smith predictor. Can any one suggest other methodology to compensate it?
Yes, the Smith predictor predictor may be considered as IMC structure without a stabilizing controller.
1. You may significantly improve its closed loop disturbance response and to avoid problems with unstable plants by using closed loop structures with compensation of output, or input disturbances, see e.g.
2. For stable plants with a dominant and possibly uncertain dead time it may be advantageous to use simpler Predictive I-controller designed as a filtered modification of the oldest dead time compensator by Reswick, see e.g.
Huba, Mikuláš: Basic Fundamental Controllers of DC 0. In: Selected Topics on Constrained and Nonlinear Control. Textbook. STU Bratislava – NTNU Trondheim, 2011. - ISBN 978-80-968627-4-0. - S. 139-185
Recent approach to controlling dead time systems is the multi-scale control scheme (see, Novel multiscale control scheme for nonminimum-phase processes, Industrial & Engineering Chemistry Research, 2013). This new approach can provide improved nominal performance and robustness over the Smith predictor including its variants. You can find a number of research articles (other than the on e mentioned) related to the multi-scale control approach.
I recently wrote a brief paper on the design of digital controllers via (discounted) regression analysis and extrapolation/prediction, using the discrete Laguerre polynomials (of low degree). This results in a phase lead, like a PD controller, which can help to improve stability margins and closed-loop damping.
Article Recursive Digital Filters With Tunable Lag and Lead Characte...
From practical view, delay compensator is a bad idea and never does a good job in practice. The best solution is to reduce the delay which is caused by sensors and control valve.