Reference no: EM132380064

Assignment - CHP design project on advanced energy engineering economics

The objective of the CA in Advanced Energy Engineering Economics is as follows:

Based on the techno-economic data provided in class determine the optimum size of a CHP system.

The deliverable is a bound report + CD with MS Excel model (attached to the sleeve on the inside of the back cover).

Report ToC -

Executive Summary

Chp 1: Introduction

Chp 2: Presentation and analysis of data (e.g. time-series, heat versus power, annual load duration curves for both heat and power, etc.)

Chp 3: Description of engineering economic optimization algorithm (including assumptions, flowchart and justification) and identification of optimization metric (e.g. NPV, IRR, Least cost)

Chp 4: Results of optimization (including year-on-year DCF for optimum size, and both sensitivity and scenario analysis for main input variables)

Chp 5: Allocation of costs to both heat and electricity and determination of tariffs (both capacity and energy)

Chp 6: Conclusions and discussion

Appendices e.g. sample engineering calculations.

This is a reference from the lecturer as making reference to the UK.

Note - Data have been attached and also attach GPG 388 which contains "Plant sizing and viability, a worked example" on pages 35 to 43.

Attachment:- CHP Design Project Files.rar