 Economic evaluation for adoption of cogeneration systemSi-Doek Oh, Hoo-Suk Oh and Ho-Young Kwak Applied Energy, 2007, vol. 84, issue 3, 266-278 Abstract: An optimal planning for gas turbine cogeneration system was applied to find whether or not the adoption of the system to an office building or hotel in Seoul, Korea is profitable. The planning problem considered in this study is to determine the optimal configuration of the system equipments and optimal operational policy of the system when the annual energy demands of electric power, heat and cooling are given a priori. The optimal configuration of the system equipments has been determined based on annual cost method with proper choice of representative energy demand patterns obtained for the building and hotel in a 1-year period. A mixed-integer linear programming and the branch and bound algorithm have been used to obtain the optimal solution. The planning method employed here may be applied to making decision on the adoption of the cogeneration plant to any specific office building or hotel. Keywords: Cogeneration; system; Economic; evaluation; Linear; programming; Optimal; planning (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:84:y:2007:i:3:p:266-278 Ordering information: This journal article can be ordered from Access Statistics for this article Applied Energy is currently edited by J. Yan More articles in Applied Energy from Elsevier |
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