Systems and methods for implementing an economic strategy such as a model predictive control (EMPC) strategy. An EMPC tool is configured to present to receive sinks and connections between central plant equipment. The EMPC tool also includes a data model extender configured to extend a data model to define new entities and/or relationships. The EMPC tool also includes a high level EMPC algorithm configured to generate an optimization problem and an asset allocator configured to solve the resource optimization problem in order to determine optimal control decisions used to operate the central plant.