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Exact(4)
Besides the classical minimization of capital cost while providing sufficient supply service, the operational sustainability is an emerging issue.
Continued sustainable price reductions, however, require strategies focused in further technological innovation, minimization of capital expenditures, and optimization of supply chain flows.
Two objectives, the minimization of capital requirement and the maximization of net present value, are considered in a bi-objective mixed-integer nonlinear programming formulation.
In order to perform optimization studies, the minimization of capital cost of hydrogen refueling stations and operation and maintenance cost of all energy hubs within the network are considered.
Similar(56)
A bi-criteria problem of capital cost minimization and reliability maximization is solved for two cases of remotely-located mining operations in Chile and Canada to demonstrate the capabilities of the methodology.
The proposed superstructure is modeled through a mathematical programming formulation where the objective function considers the simultaneous minimization of the operating and capital costs for the units involved in the system as well the possible revenues from the sales of electricity.
Using a simplified mathematical model to describe the separation process, the optimization problem focused on the minimization of the membrane area (main capital cost of this technology) needed to reach the desired purification level.
The optimization objective consists of the minimization of the total network cost, both in terms of capital and operating expenditures, subject to: supply, demand, mass conservation, technical performance, economic, and environmental constraints.
Production of capital goods collapsed.
Cost of capital.
–sign of globalization of capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com