Fuzzy quadratic programming model for the optimal design of an algal bioenergy park under optimal price markdown percentage
College
Gokongwei College of Engineering
Department/Unit
Mechanical Engineering
Document Type
Conference Proceeding
Source Title
IEEE Region 10 Annual International Conference, Proceedings/TENCON
First Page
936
Last Page
941
Publication Date
2-8-2017
Abstract
Algae bioenergy park offers an efficient solution in producing algal bioproducts while increasing the industrial park's efficiency and profit while reducing its wastes and environmental emissions. An industrial park consists of multiple interdependent industries with potentially shared material and energy flow streams. Its inherent complexity of interconnectivity of streams make the design of an industrial park challenging. This study proposes a fuzzy quadratic programming model for the optimal design of an algal bioenergy park which comprised of an integrated microalgae-biodiesel plant, an ethanol plant, a cement factory, a sugar mill with power production, and a poly(β-hydroxybutyrates) and methanol plant. The system was designed based on satisfying multiple objectives such as meeting product demand limits, maximizing tenant annual profits, and minimizing environmental footprints. The study includes the impact of the optimal markdown pricing percentage as a price-break strategy in the design of an algae bioenergy park. The results indicate the feasibility of the proposed optimal design of the algae bioenergy park. It also have shown a 2.33% increase in the overall degree of satisfaction at the optimal markdown pricing percentage of 75%. Overall, the study can serve as a reference in the application of markdown pricing as a business strategy in companies under industrial symbiosis. © 2016 IEEE.
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Digitial Object Identifier (DOI)
10.1109/TENCON.2016.7848142
Recommended Citation
Ubando, A. T., & Aguilar, K. T. (2017). Fuzzy quadratic programming model for the optimal design of an algal bioenergy park under optimal price markdown percentage. IEEE Region 10 Annual International Conference, Proceedings/TENCON, 936-941. https://doi.org/10.1109/TENCON.2016.7848142
Disciplines
Energy Systems | Mechanical Engineering
Keywords
Algal biofuels; Energy parks; Industrial ecology; Microalgae
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