1. A multi-objective optimization framework for energy and asset management in an industrial Microgrid.
- Author
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Choobineh, Moein and Mohagheghi, Salman
- Subjects
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MULTIDISCIPLINARY design optimization , *MICROGRIDS , *FACTORIES , *ENERGY consumption , *SUSTAINABLE development , *RENEWABLE energy sources , *ASSET management - Abstract
Increased competition and reduced profit margins are pushing manufacturing plants to find ways to improve operational efficiency and reduce costs. At the same time, government incentives and community initiatives are encouraging the industrial sector to pursue sustainability in operation and energy consumption. This has introduced a paradigm shift where the focus of plant operation is moving from solely cost reduction to one that considers asset management, emission control, and utilization of alternative energy resources. Mathematically speaking, the problem is changing from a single objective optimization to one with multiple objective functions that may at times be contradictory. The focus of this paper is to propose a methodology for management of an industrial plant considering the above factors. It is assumed that the plant is equipped with distributed generation (DG), and can also participate in demand response (DR). Further, the effect of ambient temperature on the lifetime and available capacity of assets such as the plant transformer has been taken into account and incorporated into their daily schedule. The objective is then to find an optimal solution for operating various workstations in such a way that it minimizes the operational costs, the emissions produced, and the loss of life of assets exposed to excess temperatures. A multi-objective optimization problem is therefore formulated through extended lexicographic goal programming, which is further modified to ensure Pareto optimality. A case study has also been presented for a manufacturing plant for luxury vehicle cockpit assembly line. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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