2016
DOI: 10.1016/j.compchemeng.2016.05.003
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Shared and practical approach to conserve utilities in eco-industrial parks

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Cited by 27 publications
(11 citation statements)
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“…Currently, there is no dedicated purpose‐built tool or process to appraise IS network financially. However, the use of conventional financial appraisal tools on IS projects have been cited such as the net present value (NPV; Li, Cui, & Han, ; Nair, Guo, Mukherjee, Karimi, & Elkamel, ; Ubando et al., ), internal rate of return (IRR; Li et al., ; Ubando et al., ), payback period (Li et al., ; Mirata, ), incremental investment return (IIR; Ng et al., ), and return on investment (ROI; Jung, Dodbiba, Chae, & Fujita, ; Mirata, ; Theo et al., ). Cost savings is also a frequently used measure to exhibit the financial benefits of IS initiatives (Mirata, ; Nair et al., ; Raabe et al., ; Ubando et al., ).…”
Section: Thematic Analysismentioning
confidence: 99%
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“…Currently, there is no dedicated purpose‐built tool or process to appraise IS network financially. However, the use of conventional financial appraisal tools on IS projects have been cited such as the net present value (NPV; Li, Cui, & Han, ; Nair, Guo, Mukherjee, Karimi, & Elkamel, ; Ubando et al., ), internal rate of return (IRR; Li et al., ; Ubando et al., ), payback period (Li et al., ; Mirata, ), incremental investment return (IIR; Ng et al., ), and return on investment (ROI; Jung, Dodbiba, Chae, & Fujita, ; Mirata, ; Theo et al., ). Cost savings is also a frequently used measure to exhibit the financial benefits of IS initiatives (Mirata, ; Nair et al., ; Raabe et al., ; Ubando et al., ).…”
Section: Thematic Analysismentioning
confidence: 99%
“…In practice, the mentioned financial tools are typically applied to provide decision support in planning and selecting among various IS‐based options. For instance, the financial measures are incorporated in optimization models whereby the best network configuration can be determined that conforms to technical constraints while maximizing the financial performance of the IS network (Nair et al., ; Ng et al., ; Raabe et al., ; Theo et al., ; Ubando et al., ).…”
Section: Thematic Analysismentioning
confidence: 99%
“…22 This assumption may exclude some promising configurations, as has been demonstrated in the literature. 23,24 Here, it simplifies our model considerably for this highly complex and nonlinear problem. Besides, procedures 22,25 do exist in the literature to revise the heat integration post-solution to allow nonisothermal mixing.…”
Section: Superstructurementioning
confidence: 99%
“…Other studies deal with the energetic integration in E!Ps (Chae et al, 2010) or by taking into account simultaneously water and energy integration, following also a multi-objective optimiza tion framework (Fichtner et al, 2004). More recently, Nair et al, (2016) developed a methodology for inter-plant heat integration in an EIP. These authors also proposed to apportion the different costs of participating enterprises.…”
Section: Previous Studiesmentioning
confidence: 99%