Abstract: This paper presents the techno-economic evaluation of run-of-river small-hydropower plants. In this regard, a multi-objective optimization procedure is proposed for the optimal sizing of the hydropower plants, and NSGAII is employed as the optimization algorithm. Annual generated energy and investment cost are considered as the objective functions, and number of generator units (n) and nominal turbine flow rate (QT) constitute the decision variables. Site of Yeripao in Benin is considered as the case study. We have categorized the river of this site using its environmental characteristics: gross head, and first quartile, median, third quartile and mean of flow. Effects of each decision variable on the objective functions are analysed. The results gave Pareto Front which represents the trade-offs between annual energy generation and the investment cost of hydropower plants, as well as the recommended optimal solutions. We noted that with the increase of the annual energy generation, the investment cost rises. Thus, maximizing energy generation is contradictory with minimizing the investment cost. Moreover, we have noted that the solutions of Pareto Front are grouped according to the number of generator units (n). The results also illustrate that the costs per kWh are grouped according to the n and rise with the increase of the nominal turbine flow rate. The lowest investment costs per kWh are obtained for n equal to one and are between 0.065 and 0.180 €/kWh. Following the values of n (equal to 1, 2, 3 or 4), the investment cost and investment cost per kWh increase almost linearly with increasing the nominal turbine flowrate while annual generated. Energy increases logarithmically with increasing of the nominal turbine flowrate. This study made for the Yeripao river can be applied to other rivers with their own characteristics.
Abstract: Offshore wind energy as a strategic renewable energy, has been growing rapidly due to availability, abundance and clean nature of it. On the other hand, budget of this project is incredibly higher in comparison with other renewable energies and it takes more duration. Accordingly, precise estimation of time and cost is needed in order to promote awareness in the developers and society and to convince them to develop this kind of energy despite its difficulties. Occurrence risks during on project would cause its duration and cost constantly changed. Therefore, to develop offshore wind power, it is critical to consider all potential risks which impacted project and to simulate their impact. Hence, knowing about these risks could be useful for the selection of most influencing strategies such as avoidance, transition, and act in order to decrease their probability and impact. This paper presents an evaluation of the feasibility of 500 MV offshore wind project in the Persian Gulf and compares its situation with uncertainty resources and risk. The purpose of this study is to evaluate time and cost of offshore wind project under risk circumstances and uncertain resources by using Monte Carlo simulation. We analyzed each risk and activity along with their distribution function and their effect on the project.
Abstract: Electrical distribution networks are prone to power quality disturbances originating from the complexity of the distribution network, mode of distribution (overhead or underground) and types of loads used by customers. Data on the types of disturbances present and frequency of occurrence is needed for economic evaluation and hence finding solution to the problem. Utility companies have resorted to using secondary power quality devices such as smart meters to help gather the required data. Even though this approach is easier to adopt, data gathered from these devices may not serve the required purpose, since the installation of these devices in the electrical network usually does not conform to available PQM placement methods. This paper presents a design of a PQM that is capable of integrating into an existing DAS infrastructure to take advantage of available placement methodologies. The monitoring component of the design is implemented and installed to monitor an existing LV network. Data from the monitor is analyzed and presented. A portion of the LV network of the Electricity Company of Ghana is modeled in MATLAB-Simulink and analyzed under various earth fault conditions. The results presented show the ability of the PQM to detect and analyze PQ disturbance such as voltage sag and overvoltage. By adopting a placement methodology and installing these nodes, utilities are assured of accurate and reliable information with respect to the quality of power delivered to consumers.
Abstract: Modelling realized volatility with high-frequency returns is popular as it is an unbiased and efficient estimator of return volatility. A computationally simple model is fitting the logarithms of the realized volatilities with a fractionally integrated long-memory Gaussian process. The Gaussianity assumption simplifies the parameter estimation using the Whittle approximation. Nonetheless, this assumption may not be met in the finite samples and there may be a need to normalize the financial series. Based on the empirical indices S&P500 and DAX, this paper examines the performance of the linear volatility model pre-treated with normalization compared to its existing counterpart. The empirical results show that by including normalization as a pre-treatment procedure, the forecast performance outperforms the existing model in terms of statistical and economic evaluations.
Abstract: The UK has had its fair share of the shale gas
revolutionary waves blowing across the global oil and gas industry at
present. Although, its exploitation is widely agreed to have been
delayed, shale gas was looked upon favorably by the UK Parliament
when they recognized it as genuine energy source and granted
licenses to industry to search and extract the resource. This, although
a significant progress by industry, there yet remains another test the
UK fracking resource must pass in order to render shale gas
extraction feasible – it must be economically extractible and
sustainably so. Developing unconventional resources is much more
expensive and risky, and for shale gas wells, producing in
commercial volumes is conditional upon drilling horizontal wells and
hydraulic fracturing, techniques which increase CAPEX. Meanwhile,
investment in shale gas development projects is sensitive to gas price
and technical and geological risks. Using a Two-Factor Model, the
economics of the Bowland shale wells were analyzed and the
operational conditions under which fracking is profitable in the UK
was characterized. We find that there is a great degree of flexibility
about Opex spending; hence Opex does not pose much threat to the
fracking industry in the UK. However, we discover Bowland shale
gas wells fail to add value at gas price of $8/ Mmbtu. A minimum gas
price of $12/Mmbtu at Opex of no more than $2/ Mcf and no more
than $14.95M Capex are required to create value within the present
petroleum tax regime, in the UK fracking industry.
Abstract: The fight against climate change and the replacement
of fossil energies nearing exhaustion gradually emerge as major
societal and economic challenges. It is possible to develop common
dates of low commercial value, and put on the local and international
market a new generation of products with high added values such as
bio ethanol. Besides its use in chemical synthesis, bio ethanol can be
blended with gasoline to produce a clean fuel while improving the
octane.
Abstract: Biodiversity crisis is one of the many crises that
started at the turn of the millennia. Concrete form of expression is
still disputed, but there is a relatively high consensus regarding the
high rate of degradation and the urgent need for action. The strategy
of action outlines a strong economic component, together with the
recognition of market mechanisms as the most effective policies to
protect biodiversity. In this context, biodiversity and ecosystem
services are natural assets that play a key role in economic strategies
and technological development to promote development and
prosperity. Developing and strengthening policies for transition to an
economy based on efficient use of resources is the way forward.
To emphasize the co-viability specific to the connection economyecosystem
services, scientific approach aimed on one hand how to
implement policies for nature conservation and on the other hand, the
concepts underlying the economic expression of ecosystem services-
value, in the context of current technology. Following the analysis of
business opportunities associated with changes in ecosystem services
was concluded that development of market mechanisms for nature
conservation is a trend that is increasingly stronger individualized
within recent years. Although there are still many controversial issues
that have already given rise to an obvious bias, international
organizations and national governments have initiated and
implemented in cooperation or independently such mechanisms.
Consequently, they created the conditions for convergence between
private interests and social interests of nature conservation, so there
are opportunities for ongoing business development which leads,
among other things, the positive effects on biodiversity. Finally,
points out that markets fail to quantify the value of most ecosystem
services. Existing price signals reflect at best, only a proportion of the
total amount corresponding provision of food, water or fuel.
Abstract: The building of a factory can be a strategic investment
owing to its long service life. An evaluation that only focuses, for
example, on payments for the building, the technical equipment of
the factory, and the personnel for the enterprise is – considering the
complexity of the system factory – not sufficient for this long-term
view. The success of an investment is secured, among other things,
by the attainment of nonmonetary goals, too, like transformability.
Such aspects are not considered in traditional investment calculations
like the net present value method. This paper closes this gap with the
enhanced economic evaluation (EWR) for factory planning. The
procedure and the first results of an application in a project are
presented.
Abstract: A techno-economic evaluation for efficient use of
energy in a large scale industrial plant of methanol is carried out.
This assessment is based on integration of a gas turbine with an
existing plant of methanol in which the outlet gas products of
exothermic reactor is expanded to power generation. Also, it is
decided that methanol production rate is constant through addition of
power generation system to the existing methanol plant. Having
incorporated a gas turbine with the existing plant, the economic
results showed total investment of MUSD 16.9, energy saving of 3.6
MUSD/yr with payback period of approximately 4.7 years.
Abstract: This study links up the theories of social psychology,
economics and sport management to assess the impact of sport
participation on subjective well-being (SWB) and use a simple statistic
method to estimate the relative monetary value that sport participation
derives SWB for Taiwan-s college students. By constructing proper
measurements on sport participation and SWB respectively, a
structural equation model (SEM) is developed to perform a
confirmatory factory analysis, and the causal relationship between
sport participation and SWB as well as the effect of the demographic
variables on these two concepts are also discussed.
Abstract: Among the numerous economic evaluation techniques currently available, Multi-criteria Spatial Analysis lends itself to solving localization problems of property complexes and, in particular, production plants. The methodology involves the use of Geographical Information Systems (GIS) and the mapping overlay technique, which overlaps the different information layers of a territory in order to obtain an overview of the parameters that characterize it. This first phase is used to detect possible settlement surfaces of a new agglomeration, subsequently selected through Analytic Hierarchy Process (AHP), so as to choose the best alternative. The result ensures the synthesis of a multidimensional profile that expresses both the quantitative and qualitative effects. Each criterion can be given a different weight.
Abstract: In conventional seedling production, the seedlings are
being grown in the open field under natural conditions. Here they are
susceptible to sudden changes in climate were their quality and yield
is affected. Quality seedlings are essential for good growth and
performance of crops in main field; they serve as a foundation for the
economic returns to the farmer. Producing quality seedling demands
usage of hybrid seeds as they have the ability to result in better yield,
greater uniformity, improved color, disease resistance, and so forth.
Hybrid seed production poses major operational challenge and its
seed use efficiency plays an important role. Thus in order to
overcome the difficulties currently present in conventional seedling
production and to efficiently use hybrid seeds, ITC Limited Agri
Business Divisions - Sustainability Cell as conceptualized a novel
method of seedling production unit for farmers in West Godavari
District of Andhra Pradesh. The “Green House based Float Seedling"
methodology aims at a protected cultivation technique wherein the
micro climate surrounding the plant/seedling body is controlled
partially or fully as per the requirement of the species. This paper
reports on the techno economic evaluation of green house for
cultivation of float based seedling production with experimental
results that was attained from the pilot implementation in West
Godavari District, Rajahmundry region of India.
Abstract: A hybrid Photovoltaic/Thermal (PV/T) solar system integrates photovoltaic and solar thermal technologies into one single solar energy device, with dual generation of electricity and heat energy. The aim of the present study is to evaluate the potential for introduction of the PV/T technology into Northern China. For this purpose, outdoor experiments were conducted on a prototype of a PV/T water-heating system. The annual thermal and electrical performances were investigated under the climatic conditions of Beijing. An economic analysis of the system was then carried out, followed by a sensitivity study. The analysis revealed that the hybrid system is not economically attractive with the current market and energy prices. However, considering the continuous commitment of the Chinese government towards policy development in the renewable energy sector, and technological improvements like the increasing cost-effectiveness of PV cells, PV/Thermal technology may become economically viable in the near future.
Abstract: The paper presents a computational tool developed for
the evaluation of technical and economic advantages of an innovative
cleaning and conditioning technology of fluidized bed steam/oxygen
gasifiers outlet product gas. This technology integrates into a single
unit the steam gasification of biomass and the hot gas cleaning and
conditioning system. Both components of the computational tool,
process flowsheet and economic evaluator, have been developed
under IPSEpro software. The economic model provides information
that can help potential users, especially small and medium size
enterprises acting in the regenerable energy field, to decide the
optimal scale of a plant and to better understand both potentiality and
limits of the system when applied to a wide range of conditions.
Abstract: The evolution of technology and construction techniques has enabled the upgrading of transport networks. In particular, the high-speed rail networks allow convoys to peak at above 300 km/h. These structures, however, often significantly impact the surrounding environment. Among the effects of greater importance are the ones provoked by the soundwave connected to train transit. The wave propagation affects the quality of life in areas surrounding the tracks, often for several hundred metres. There are substantial damages to properties (buildings and land), in terms of market depreciation. The present study, integrating expertise in acoustics, computering and evaluation fields, outlines a useful model to select project paths so as to minimize the noise impact and reduce the causes of possible litigation. It also facilitates the rational selection of initiatives to contain the environmental damage to the already existing railway tracks. The research is developed with reference to the Italian regulatory framework (usually more stringent than European and international standards) and refers to a case study concerning the high speed network in Italy.