Systems and methods of a Hierarchical Smart Asset Control Application development and Integrated Smart Asset Control System optimization are disclosed. In various embodiments, the system may develop a Hierarchical Asset Control Application and corresponding control hardware requirements. This can be used to create an Integrated Smart Asset Control System in order execute various processes for a set of equipment elements. The smart assets associated with the system may utilize intelligent agents to balance operational constraints and operational objects in order to determine real-time optimized operational parameters for a process and implement the appropriate controls to facilitate achieving the improved operational objectives.