Optimization system for combined heat and electricity production in the wood-processing industry

V. Uran

Energy, 2006, vol. 31, issue 14, 2996-3016

Abstract: In the Croatian economy, the wood-processing industry is among the country's strategic export branches. The energy costs have a partial impact on the final price of wood products. The goal of this work paper is to minimize energy costs in this sector, using a mathematical formula that computes the lowest heat capacity as the cogeneration system starts to be more payable than a non-cogeneration system. A thermo-economic analysis of both systems, cogeneration and non-cogeneration, is necessary to define the lowest heat capacity. These include the payback period of the capital invested in the cogeneration system and harmonization of heat production and disposable wood waste as fuel. The mathematical formula was applied to a Croatian wood-processing company. The impact of quantities on the payback period was examined. This work presents results related to a decision on which system, cogeneration or non-cogeneration, is optimal for this wood-processing company.

Keywords: Cogeneration; Optimization; Wood waste (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544205002331
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:31:y:2006:i:14:p:2996-3016

DOI: 10.1016/j.energy.2005.10.037

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().