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Optimization of the Economics of Energy Management

Intellectual Economics

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Title Optimization of the Economics of Energy Management
Energetinės ekonomikos vadybos optimizavimas
 
Creator Dey, Suhrit K.
 
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Description In the world of economics the words "Energy Management" carry different conno- tations for different groups of people. From the point of view of producers, they mean the scheme of optimization of all the different factors costing productions of different types of energy such that the total amount of revenue is maximized and the total cost of operation is minimized. They attempt to achieve both. But they must achieve at least one of these primary objectives. From the point of view of consumers, "Energy Management" means use of all different types of energy to sustain life and health most economically. Often both producers and consumers fail to understand what environmentalists mean by "Energy Management." To this group energy management must be done in such a way, so that all factors needed for production and usage of all forms of energy must meet all the strin- gent criteria to control pollutants released into the atmosphere by all agents of production and consumption of energy. Unfortunately, companies who are in the business of production, look into how to manage energy by considering different forms of energy production in order to make their investment most profitable. However, they are bound by the rules of the department of energy and they must follow the guidelines of the Environ- mental Protection Agency (EPA) and other mandates of federal, state and local governments. This topic is energy management in production control and it has a strong impact on the global economy. In this article energy management is studied applying mathematical methods of optimization. The model is quite general and the solution is quite simple which may be done using the calculator. The model predicts how many units of types of energy must be produced to maximize the revenue which depends on the demands for those types of energy in the market and the protocol and policies that the company plans to adopt for production. Thus the method developed in this article is to be applied at the planning stage for optimization of the economics of energy management. A model illustration has been used in the text explaining the step- by-step application of the theory.
Energetikos vadybąnagrinėja įvairių sričių atstovai. Gamintojai orientuoti optimizuoti visas produk-cijos sąnaudas, energijos sistemas taip, kad sumažintą išlaidas. Energetikos vadyba suprantama kaip visų rūšių energi-jos naudojimas gyvybei ir sveikatai palaikyti, labiausiai akcentuojant ekonominį naudingumą. Dažnai gamintojai ir vartotojai nesugeba suprasti, ką aplinkosaugai reiškia energetikos vadyba. Visi veiksniai, turintys įtakos gamybai, visų formų energijos naudojimui turi atitikti griežtus kriterijus, turi būti kontroliuojama teršalų į atmosferą išmetimo lygis, gamybos ir energijos suvartojimo lygiai. Deja, gamybos bendrovės į tai dėmesį kreipia tik jei tokios investicijos yra pelningos. Reikia pažymėti, jog numatytas reguliavimas yra privalomas, ir Energetikos departamentas parengęs taisyk-lių sąvadus, ir šios taisyklės privalomos Aplinkos apsaugos agentūrai, taip pat kitoms įgaliotoms institucijoms. Energi-jos valdymo ir gamybos kontrolė turi didelę įtaką pasaulio ekonomikai. Šiame straipsnyje energijos valdymas yra tiriamas taikant matematinio optimizavimo metodus. Modelis yra bendras ir sprendimas yra paprastas, viskas gali būti atliekama naudojant skaičiuotuvą. Modelis prognozuoja, kiek vienetų įvairių rūšių energijos turi būti pagaminta, sie-kiant padidinti pajamas, kurios priklauso nuo šių rūšių energijos rinkoje. Sukurtas metodas turėtų būti taikomas pla-nuojant optimizuoti energijos valdymą.
 
Publisher Mykolas Romeris University
 
Contributor

 
Date 2013-09-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion


 
Format application/pdf
 
Identifier https://www3.mruni.eu/ojs/intellectual-economics/article/view/1194
 
Source Intelektinė ekonomika; Vol 2, No 6 (2009): Intellectual Economics; 42-50
Intellectual Economics; Vol 2, No 6 (2009): Intellectual Economics; 42-50
1822-8038
1822-8011
 
Language eng
 
Relation https://www3.mruni.eu/ojs/intellectual-economics/article/view/1194/1143
 
Rights Copyright (c) 2014 Intellectual Economics