Systematic allocation of cost savings among energy systems in an eco-industrial park

College

Gokongwei College of Engineering

Department/Unit

Chemical Engineering

Document Type

Article

Source Title

Chemical Engineering Transactions

Volume

45

First Page

1657

Last Page

1662

Publication Date

10-1-2015

Abstract

To achieve sustainability goals, various strategies have been used which include symbiotic strategies with other companies. Such symbiotic strategies are based on the concept of industrial ecology (IE). IE emphasises on the importance of symbiotic interactions among various companies as it would reduce overall waste emission, raw material and energy consumption. Since symbiotic relationships normally occur among processes co-located within the same vicinity, the concept of eco-industrial parks (EIPs) emerged. Companies in an EIP engage in material and energy exchange programmes in a mutually beneficial manner, as a result of geographic proximity that facilitates cooperation among partners. As a result, the collective benefit will always be greater than the sum of individual benefits that could be achieved without establishing a symbiotic relationship in an EIP. However, since each company would have its own profit-oriented goals, it would be important to analyse the potential advantage (or disadvantage) each plant can experience when forming a partnership in EIP. Cooperative game theory provides a scientific basis for the analysis of such issues. In this respect, this work presents a cooperative game theory approach developed by Maali (2009) to fairly allocate cost savings among cooperative companies of an EIP based on their respective contributions. Copyright © 2015, AIDIC Servizi S.r.l.,.

html

Digitial Object Identifier (DOI)

10.3303/CET1545277

Disciplines

Chemical Engineering

Keywords

Industrial ecology

Upload File

wf_no

This document is currently not available here.

Share

COinS