Article ID: | iaor20084256 |
Country: | United Kingdom |
Volume: | 15 |
Issue: | 1 |
Start Page Number: | 103 |
End Page Number: | 119 |
Publication Date: | Jan 2008 |
Journal: | International Transactions in Operational Research |
Authors: | Bieda Boguslaw, Tadeusiewicz Ryszard |
Keywords: | energy, simulation: applications |
Life Cycle Inventory – part of a Life Cycle Assessment (LCA) method – was used to evaluate two scenarios for waste to energy gasification plants based on the American (design at 200 T/D) and Australian (design at 240 T/D) gasification technologies including a 15-year income statement projection. The paper uses stochastic modeling based on the internal rate of return and net present value of the new and actual equipment. The Monte Carlo simulation with the Excel spreadsheet and Crystal Ball® software was used to develop scenarios for uncertainty inputs. The sensitivity analysis and frequency charts represent the Crystal Ball® output and simulation results.