PostprintThis is the accepted version of a paper published in Applied Energy. This paper has been peer-reviewed but does not include the final publisher proof-corrections or journal pagination.
Citation for the original published paper (version of record):Nalianda, D., Kyprianidis, K., Sethi, V., Singh, R. (2015) Techno-economic viability assessments of greener propulsion technology under potential environmental regulatory policy scenarios.Applied Energy, http://dx.doi.org/10.1016/j.apenergy. 2015.07.017 Access to the published version may require subscription. N.B. When citing this work, cite the original published paper.
Permanent link to this version:http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-28786
59The aviation sector has played a significant role in shaping the world into what it is today. The rapid 60 growth of global economies and the corresponding sharp rise in the number of people now wanting to 61 travel on business and for pleasure, has largely been responsible for the development of this industry.
62However the significantly large increase in air passengers over the years has led to an increase in air 63 traffic and a corresponding rise in fuel consumption, aviation emissions and noise.
64Over the years, the industry has consistently invested in improving technology and introducing it into 65 commercial applications, with the aim to always remain profitable. With fuel expenses being a 66 significant part of an airline's operating cost, the core focus of technology development in the past has 67 been to constantly improve fuel economy. This has been accomplished whilst actively striving to lower 68 costs (production and maintenance) reduce weight, maintain Landing and Take-Off (LTO) cycle noise 69 and NOx within certification limits and improve safety and reliability. However, with aviation 70 emissions now becoming a cause for growing global concern and various emission mitigation policies 71 coming into focus, the industry is actively pursuing even "greener" and quieter solutions for the future.
95The primary objective of the current work is to specifically assess economic viability and the 96 boundaries within which a particular energy efficiency improvement technology is financially 97 sustainable. In more detail, the work introduces an integrated methodology that may be used to 98 assess economic viability by demonstrating the sensitivity of operating cost to uncertain acquisition 99 prices and maintenance costs of futuristic technology.
100The focus of the work is to combine energy efficiency technology assessments with concepts of Net
101Present Value (NPV) and Internal Rate of Return (IRR) within an investment cost analysis approach.
102The study will first utilise and further develop a Techno-economic Environmental Risk Analysis
103(TERA) framework to produce a set of assessments (Kyprianidis, et al., 2008; Pascovici, D.S, 2008; 104 Kyprianidis, 2010). These assessments will compare a novel technology with competing conventional 105 solutions and establish its benefits in term...