A pinch analysis approach to project selection problem

Added Title

International Symposium on Advanced Control of Industrial Processes (6th : 2017)
AdCONIP 2017

College

Gokongwei College of Engineering

Department/Unit

Chemical Engineering

Document Type

Conference Proceeding

Source Title

2017 6th International Symposium on Advanced Control of Industrial Processes, AdCONIP 2017

First Page

49

Last Page

54

Publication Date

7-18-2017

Abstract

Project selection is a very important decision that every firm has to take; in fact, this decision plays a major role in the prosperity of the firm. Pinch analysis, which was initially developed to conserve energy and improve energy efficiency in industrial process, is now being extended to non-conventional areas. In this paper, pinch analysis is applied to select multiple independent projects from a large pool of viable projects, subject to budget constraints. The underlying mathematical optimization problem is discussed and a graphical approach to obtain optimal insightful solutions is presented. Applicability of the proposed methodology is demonstrated through an illustrative example of energy conservation in the Indian cement industry. © 2017 IEEE.

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Digitial Object Identifier (DOI)

10.1109/ADCONIP.2017.7983754

Disciplines

Environmental Engineering

Keywords

Cement industries--Energy conservation--India

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