Article
Version 1
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Management of Production Processes in a Heating Company
Version 1
: Received: 18 May 2024 / Approved: 20 May 2024 / Online: 20 May 2024 (10:40:00 CEST)
A peer-reviewed article of this Preprint also exists.
Garbier, M.; Corejova, T. Management of Production Processes in a Heating Company. Processes 2024, 12, 1350. Garbier, M.; Corejova, T. Management of Production Processes in a Heating Company. Processes 2024, 12, 1350.
Abstract
The paper is focused on researching the behavior of heating companies in connection with current developments in the electricity market and flexibility in the context of market behavior. The work assesses the increase in profitability through the creation of a technical-economic model using an objective function with profit maximization. The paper objective is presented the procedure and methodology for creating a model using the basic scheme of production processes integrated into the system platform. The result of the work is a comparative analysis of modelled cases of implemented operation deployment according to a defined period and modelling modes in selected time series. The description of individual outputs demonstrates the economic advantage of using combinations of modes of combined electricity and heat production, and non-combined electricity and heat production, including the use of the heat suppression mode because of overproduction of electricity.
Keywords
heating industry; techno-economic model; profit maximizing objective function, combined production of electricity and heat; non-combined production of electricity and heat
Subject
Engineering, Industrial and Manufacturing Engineering
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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