An application of bi-level newsboy problem in two substitutable items under capital cost

2007 ◽  
Vol 190 (1) ◽  
pp. 410-422 ◽  
Author(s):  
Barun Das ◽  
Manoranjan Maiti
Keyword(s):  
2021 ◽  
Vol 5 (2) ◽  
pp. 17
Author(s):  
Valli Trisha ◽  
Kai Seng Koh ◽  
Lik Yin Ng ◽  
Vui Soon Chok

Limited research of heat integration has been conducted in the oleochemical field. This paper attempts to evaluate the performance of an existing heat exchanger network (HEN) of an oleochemical plant at 600 tonnes per day (TPD) in Malaysia, in which the emphases are placed on the annual saving and reduction in energy consumption. Using commercial HEN numerical software, ASPEN Energy Analyzer v10.0, it was found that the performance of the current HEN in place is excellent, saving over 80% in annual costs and reducing energy consumption by 1,882,711 gigajoule per year (GJ/year). Further analysis of the performance of the HEN was performed to identify the potential optimisation of untapped heating/cooling process streams. Two cases, which are the most cost-effective and energy efficient, were proposed with positive results. However, the second case performed better than the first case, at a lower payback time (0.83 year) and higher annual savings (0.20 million USD/year) with the addition of one heat exchanger at a capital cost of USD 134,620. The first case had a higher payback time (4.64 years), a lower annual saving (0.05 million USD/year) and three additional heaters at a capital cost of USD 193,480. This research has provided a new insight into the oleochemical industry in which retrofitting the HEN can further reduce energy consumption, which in return will reduce the overall production cost of oleochemical commodities. This is particularly crucial in making the product more competitive in its pricing in the global market.


2020 ◽  
Author(s):  
Jamshid Karimov ◽  
Faruk Balli ◽  
Hatice Ozer‐Balli ◽  
Anne Bruin

2021 ◽  
Vol 290 ◽  
pp. 116700
Author(s):  
Yumeng Zhang ◽  
Ningling Wang ◽  
Xiaofeng Tong ◽  
Liqiang Duan ◽  
Tzu-En Lin ◽  
...  

2014 ◽  
Vol 41 (8) ◽  
pp. 3769-3776 ◽  
Author(s):  
Sibo Ding ◽  
Yuan Gao
Keyword(s):  

Author(s):  
H Masding

This paper sets out an assessment of the value and practicality of the construction of fossil fired generating plant designed and built as single units and includes a proposal for the design and layout of a single unit designed to maximize the benefits derived from this concept. The conclusion is that an acceptable design of power plant, based on the construction of single 600 MW units, can be developed for the UK system which could prove to be advantageous in construction time, in capital cost and in running cost. The layout applies equally effectively to large ‘green field’ sites or for replanting existing stations; in addition, the plant can be replicated in detail and thereby reduce design and engineering costs. Finally the layout can also be applied in principle to smaller units for overseas utilities as required by their system developments.


2008 ◽  
Vol 115 (1) ◽  
pp. 113-127 ◽  
Author(s):  
Layek Abdel-Malek ◽  
Roberto Montanari ◽  
Diego Meneghetti
Keyword(s):  

1997 ◽  
Vol 119 (4) ◽  
pp. 885-892 ◽  
Author(s):  
A. Agazzani ◽  
A. F. Massardo

The aim of this work is to demonstrate the capability of an original “modular” simulator tool for the thermoeconomic analysis of thermal-energy systems. The approach employed is based on the Thermoeconomic Functional Analysis (T.F.A.), which, through definition of the “functional productive diagram” and the establishment of the capital cost function of each component, allows the marginal costs and the unit product costs, i.e., the “internal economy,” of the functional exergy flows to be obtained in correspondence to the optimum point. The optimum design of the system is obtained utilizing a traditional optimization technique, which includes both physical structure of the energy system described in terms of thermodynamic variables and cost model (capital cost of the components, maintenance and amortization factors, unit fuel cost, unit electricity cost, etc.). As an application example to show the practicability of the tool, the thermoeconomic analysis of various complex multipressure combined cycles (with or without steam reheating) is carried out. The results are analyzed and discussed in depth.


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