2017
DOI: 10.1007/s41660-017-0003-4
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Hybrid Optimisation Model for the Synthesis of Centralised Utility System in Eco-Industrial Park

Abstract: Eco-industrial park (EIP) is a community of manufacturing and service businesses collaborating to manage environmental and resource (e.g. water, material and energy) issues together to preserve the environment while bringing financial benefit to the individual party. One way to achieve this goal is to integrate the EIP network via a centralised utility system (CUS), which facilitates the material and energy exchange among participating companies (or individual actors, IAs) in EIP. This work presents a hybrid m… Show more

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Cited by 7 publications
(3 citation statements)
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“…Teo et al. (2017) developed a hybrid optimization model to integrate a sustainable central utility system into an eco‐industrial park. They evaluated the system's economic performance based on net present value but overlooked the role of social drivers in decision‐making.…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…Teo et al. (2017) developed a hybrid optimization model to integrate a sustainable central utility system into an eco‐industrial park. They evaluated the system's economic performance based on net present value but overlooked the role of social drivers in decision‐making.…”
Section: Introductionmentioning
confidence: 99%
“…While their model considered the investment cost and its allocation among the actors, it ignored the time value of money in the investment decision. Teo et al (2017) developed a hybrid optimization model to integrate a sustainable central utility system into an eco-industrial park. They evaluated the system's economic performance based on net present value but overlooked the role of social drivers in decision-making.…”
mentioning
confidence: 99%
“…Limitations arise in the ability to define an appropriate search space, to select a suitable degree of approximation, and to solve the resulting optimization problems (Chen & Grossmann, 2017). A recent trend has become to combine some of these concepts to a hybrid framework (Kravanja & Grossmann, 1997;Tay et al, 2011;Tula et al, 2015;Teo et al, 2017) scoping to absorb merits of each combined approach and to mitigate the computational burden. Synthesis models are formulated at three major levels of detail (Martín & Grossmann, 2012): (i) high level aggregated models, expressed in terms of major features like mass and energy flows (e.g.…”
Section: A Mountrakimentioning
confidence: 99%