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Open Access
Article
Publication date: 4 July 2022

Shiyu Wan, Yisheng Liu, Grace Ding, Goran Runeson and Michael Er

This article aims to establish a dynamic Energy Performance Contract (EPC) risk allocation model for commercial buildings based on the theory of Incomplete Contract. The purpose…

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Abstract

Purpose

This article aims to establish a dynamic Energy Performance Contract (EPC) risk allocation model for commercial buildings based on the theory of Incomplete Contract. The purpose is to fill the policy vacuum and allow stakeholders to manage risks in energy conservation management by EPCs to better adapt to climate change in the building sector.

Design/methodology/approach

The article chooses a qualitative research approach to depict the whole risk allocation picture of EPC projects and establish a dynamic EPC risk allocation model for commercial buildings in China. It starts with a comprehensive literature review on risks of EPCs. By modifying the theory of Incomplete Contract and adopting the so-called bow-tie model, a theoretical EPC risk allocation model is developed and verified by interview results. By discussing its application in the commercial building sector in China, an operational EPC three-stage risk allocation model is developed.

Findings

This study points out the contract incompleteness of the risk allocation for EPC projects and offered an operational method to guide practice. The reasonable risk allocation between building owners and Energy Service Companies can realize their bilateral targets on commercial building energy-saving benefits, which makes EPC more attractive for energy conservation.

Originality/value

Existing research focused mainly on static risk allocation. Less research was directed to the phased and dynamic risk allocation. This study developed a theoretical three-stage EPC risk allocation model, which provided the theoretical support for dynamic EPC risk allocation of EPC projects. By addressing the contract incompleteness of the risk allocation, an operational method is developed. This is a new approach to allocate risks for EPC projects in a dynamic and staged way.

Details

International Journal of Climate Change Strategies and Management, vol. 15 no. 4
Type: Research Article
ISSN: 1756-8692

Keywords

Article
Publication date: 24 September 2021

Minning Wu, Feng Zhang and X. Rui

Internet of things (IoT) is essential in technical, social and economic domains, but there are many challenges that researchers are continuously trying to solve. Traditional…

Abstract

Purpose

Internet of things (IoT) is essential in technical, social and economic domains, but there are many challenges that researchers are continuously trying to solve. Traditional resource allocation methods in IoT focused on the optimal resource selection process, but the energy consumption for allocating resources is not considered sufficiently. This paper aims to propose a resource allocation technique aiming at energy and delay reduction in resource allocation. Because of the non-deterministic polynomial-time hard nature of the resource allocation issue and the forest optimization algorithm’s success in complex problems, the authors used this algorithm to allocate resources in IoT.

Design/methodology/approach

For the vast majority of IoT applications, energy-efficient communications, sustainable energy supply and reduction of latency have been major goals in resource allocation, making operating systems and applications more efficient. One of the most critical challenges in this field is efficient resource allocation. This paper has provided a new technique to solve the mentioned problem using the forest optimization algorithm. To simulate and analyze the proposed technique, the MATLAB software environment has been used. The results obtained from implementing the proposed method have been compared to the particle swarm optimization (PSO), genetic algorithm (GA) and distance-based algorithm.

Findings

Simulation results show that the proper performance of the proposed technique. The proposed method, in terms of “energy” and “delay,” is better than other ones (GA, PSO and distance-based algorithm).

Practical implications

The paper presents a useful method for improving resource allocation methods. The proposed method has higher efficiency compared to the previous methods. The MATLAB-based simulation results have indicated that energy consumption and delay have been improved compared to other algorithms, which causes the high application of this method in practical projects. In the future, the focus will be on resource failure and reducing the service level agreement violation rate concerning the number of resources.

Originality/value

The proposed technique can solve the mentioned problem in the IoT with the best resource utilization, low delay and reduced energy consumption. The proposed forest optimization-based algorithm is a promising technique to help enterprises participate in IoT initiatives and develop their business.

Details

Circuit World, vol. 49 no. 3
Type: Research Article
ISSN: 0305-6120

Keywords

Article
Publication date: 13 June 2008

S. Jebaraj, S. Iniyan, L. Suganthi and Ranko Goić

Renewable energy sources are likely to play a major role in meeting the future energy requirement of a developing country like India. Among the various renewable energy sources…

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Abstract

Purpose

Renewable energy sources are likely to play a major role in meeting the future energy requirement of a developing country like India. Among the various renewable energy sources, the bio‐energy plays a key role for the power generation. In this paper, an attempt is made to develop a fuzzy based linear programming optimal electricity allocation model (OEAM) that minimizes the cost and determines the optimum allocation of different energy sources for the centralized and decentralized power generation in India with special emphasis to bio‐energy.

Design/methodology/approach

The OEAM model optimizes and selects the appropriate energy options for the power generation on the factors such as cost, potential, demand, efficiency, emission and carbon tax. The objective function of the model is minimizing the cost of power generation. The other factors are used as constraints in the model. The fuzzy linear programming optimization approach is used in the model.

Findings

The extents of energy sources distribution for the power generation in the year 2020 would be 15,800 GWh (4 per cent) from the coal based plants, 85,400 GWh (20 per cent) from the nuclear plants, 191,100 GWh (44 per cent) from the hydro plants, 22,400 GWh (5 per cent) from the wind mills, 45,520 GWh (11 per cent) from the biomass gasifier plants, 14,112 GWh (3 per cent) from the biogas plants, 8,400 GWh (2 per cent) from the solid waste, 33,600 GWh (8 per cent) from the cogeneration plants and 11,970 GWh (3 per cent) from the mini hydel plants, respectively.

Originality/value

The OEAM has been developed for the electricity demand allocation for the year 2020. An extensive literature survey revealed that carbon tax and emission constraints were never used in the previous models and they are considered in the present model.

Details

Management of Environmental Quality: An International Journal, vol. 19 no. 4
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 18 April 2016

Masoud Nosrati and Ronak Karimi

This paper aims to provide a method for media resource allocation in Cloud systems for supporting green computing policies, as well as attempting to improve the overall…

1672

Abstract

Purpose

This paper aims to provide a method for media resource allocation in Cloud systems for supporting green computing policies, as well as attempting to improve the overall performance of system by optimizing the communication latencies.

Design/methodology/approach

A common method for resource allocation is using resource agent that takes the budgets/prices of applicants/resources and creates a probability matrix of allocation according to the policies of system. Two general policies for optimization are latency optimization and green computing. Presented heuristic for latencies is so that the average latencies of communication between applicant and resource are measured, and they will affect the next decision. For gaining green computing, it is attempted to consolidate the allocated resources on smaller number of physical machines. So calculation formula of the price of each resource is modified to decrease the probability of allocating the resources on the machine with least allocated resources.

Findings

Results of proposed method indicates its success in both green computing and improving the performance. Experiments show decreasing 21.4 per cent of response time simultaneously with increasing tasks in the tested range. The maximum and minimum of saved energy is acceptable and reported as 79.2 and 16.8 per cent.

Research limitations/implications

Like other centralized solutions, the proposed method suffers from the limitations of centralized resource agent, like bottle neck. But the implementation of distributed resource agent is postponed to future work.

Originality/value

Proposed method presents heuristics for improving the performance and gaining green computing. The key feature is formulating all the details and considering pitch variables for controlling the policies of system.

Details

International Journal of Web Information Systems, vol. 12 no. 1
Type: Research Article
ISSN: 1744-0084

Keywords

Article
Publication date: 14 September 2015

John Joachim Gelegenis, Douglas Harris, Danae Diakoulaki, Helen Lampropoulou and George Giannakidis

The purpose of this paper is to investigate the reduction in efficiency of central heating systems of multi-family buildings when independent heating capability is offered to each…

Abstract

Purpose

The purpose of this paper is to investigate the reduction in efficiency of central heating systems of multi-family buildings when independent heating capability is offered to each apartment, to access the impact of the applied heating cost allocation (HCA) on this deterioration and suggest highly cost-effective ways (operation, control strategy, alternative HCA) of overcoming them at minimum cost.

Design/methodology/approach

The paper reveals the problem of reduced efficiency in centrally heated multi-family dwellings through two case studies in real buildings, where data-loggers were installed and performance curve analysis was performed, in combination with detailed simulation.

Findings

The paper finds that the enforcement of a suitable HCA regulation is a prerequisite to achieving energy savings in centrally heated multi-family dwellings. In addition the effects of dissimilarly heated apartments on the total energy demand and the significance of indirect heating and how these should be charged, are assessed. It is found that convenient operation of the central heating system may lead to high energy cost savings and higher efficiency at no cost.

Research limitations/implications

HCA adopted more than three decades ago should be revised according to the present situation, namely, increasing fuel costs, existence of many low income families, energy poverty, availability of alternative (or supplementary) heating devices and better building envelopes.

Practical implications

Occupants of multi-family dwellings should be appropriately educated and agree on rational use of the common heating system of the building.

Originality/value

The paper identifies weak points of valid HCA regulation, reveals inefficiencies in centrally heated multi-family dwellings and measures the actual effectiveness of remedying measures. Detailed simulation contributes to the scientific documentation of the findings.

Details

Management of Environmental Quality: An International Journal, vol. 26 no. 6
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 21 March 2024

Graeme Newell and Muhammad Jufri Marzuki

Renewable energy infrastructure is an important asset class in the context of reducing global carbon emissions going forward. This includes solar power, wind farms, hydro, battery…

Abstract

Purpose

Renewable energy infrastructure is an important asset class in the context of reducing global carbon emissions going forward. This includes solar power, wind farms, hydro, battery storage and hydrogen. This paper examines the risk-adjusted performance and diversification benefits of listed renewable energy infrastructure globally over Q1:2009–Q4:2022 to examine the role of renewable energy infrastructure in a global infrastructure portfolio and in a global mixed-asset portfolio. The performance of renewable energy infrastructure is compared with the other major infrastructure sectors and other major asset classes. The strategic investment implications for institutional investors and renewable energy infrastructure in their portfolios going forward are also highlighted. This includes identifying effective pathways for renewable energy infrastructure exposure by institutional investors.

Design/methodology/approach

Using quarterly total returns, the risk-adjusted performance and portfolio diversification benefits of global listed renewable energy infrastructure over Q1:2009–Q4:2022 is assessed. Asset allocation diagrams are used to assess the role of renewable energy infrastructure in a global infrastructure portfolio and in a global mixed-asset portfolio.

Findings

Listed renewable energy infrastructure was seen to underperform the other infrastructure sectors and other major asset classes over 2009–2022. While delivering portfolio diversification benefits, no renewable energy infrastructure was seen in the optimal infrastructure portfolio or mixed-asset portfolio. More impressive performance characteristics were seen by nonlisted infrastructure funds over this period. Practical reasons for these results are provided as well as effective pathways going forward are identified for the fuller inclusion of renewable energy infrastructure in institutional investor portfolios.

Practical implications

Institutional investors have an important role in supporting reduced global carbon emissions via their investment mandates and asset allocations. Renewable energy infrastructure will be a key asset to assist in the delivery of this important agenda for a greener economy and addressing global warming. Based on this performance analysis, effective pathways are identified for institutional investors of different size assets under management (AUM) to access renewable energy infrastructure. This will see institutional investors embracing critical investment issues as well as environmental and social issues in their investment strategies going forward.

Originality/value

This paper is the first published empirical research analysis on the performance of renewable energy infrastructure at a global level. This research enables empirically validated, more informed and practical decision-making by institutional investors in the renewable energy infrastructure space. The ultimate aim of this paper is to articulate the potential strategic role of renewable energy infrastructure as an important infrastructure sector in the institutional real asset investment space and to identify effective pathways to achieve this renewable energy infrastructure exposure, as institutional investors focus on the strategic issues in reducing global carbon emissions in the context of increased global warming.

Details

Journal of Property Investment & Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 2 May 2019

Dirk De Clercq, Inam Ul Haq and Muhammad Umer Azeem

Drawing from conservation of resources theory, the purpose of this paper is to investigate the relationship between employees’ job satisfaction and helping behaviour, and…

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Abstract

Purpose

Drawing from conservation of resources theory, the purpose of this paper is to investigate the relationship between employees’ job satisfaction and helping behaviour, and, particularly, how it may be moderated by two personal resources (work meaningfulness and collectivistic orientation) and one organisational resource (organisational support).

Design/methodology/approach

Quantitative data were collected from a survey administered to employees and their supervisors in a Pakistani-based organisation.

Findings

The usefulness of job satisfaction for stimulating helping behaviour is greater when employees believe that their work activities are meaningful, emphasise collective over individual interests, and believe that their employer cares for their well-being.

Practical implications

The results inform organisations about the circumstances in which they can best leverage employees’ positive job energy, which arises from their job satisfaction, to encourage their voluntary assistance of other organisational members.

Originality/value

This study extends research on positive work behaviours by examining the concurrent roles that job satisfaction and several contingent factors play in promoting employee helping behaviour. In particular, it highlights the invigorating effects of these factors on the usefulness of the enthusiasm that employees feel about their job situation for increasing their willingness to extend help to other members, on a voluntary basis.

Article
Publication date: 23 August 2021

Jayaraman Chillayil, Suresh M., Viswanathan P.K., Sushanta Kumar Mahapatra and Sasi K. Kottayil

In the realm of energy behaviour studies, very little research has been done to understand industrial energy behaviour (IEB) that influences the willingness to adopt (WTA) energy

Abstract

Purpose

In the realm of energy behaviour studies, very little research has been done to understand industrial energy behaviour (IEB) that influences the willingness to adopt (WTA) energy-efficient measures. Most of the studies on energy behaviour were focused on the residential and commercial sectors where the behaviour under investigation was under volitional control, that is, where people believe that they can execute the behaviour whenever they are willing to do so. The purpose of this paper is to examine the factors influencing the industry’s intentions and behaviour that leads to enhanced adoption of energy efficiency measures recommended through energy audits. In particular, this paper aims to extend the existing behaviour intention models using the total interpretive structural modelling (TISM) method and expert feedback to develop an IEB model

Design/methodology/approach

TISM technique was used to determine the relationship between different elements of the behaviour. Responses were collected from experts in the field of energy efficiency to understand the relationship between identified factors, their driving power and dependency.

Findings

The results show that values, socialisation and leadership of individuals are the key driving factors in deciding the individual energy behaviour. WTA energy-saving measures recommended by an energy auditor are found to be highly dependent on the organisational policies such as energy policy, delegation of power to energy manager and life cycle cost evaluation in purchase policy.

Research limitations/implications

This study has a few limitations that warrant consideration in future research. First, the data came from a small sample of energy experts based on a convenience sample of Indian experts. This limits the generalizability of the results. Individual and organizational behaviour analysed in this study looked into a few select characteristics, derived from the literature review and expert feedback, which may pose questions about the standard for behaviours in different industries.

Practical implications

Reasons for non-adoption of energy audit recommendations are rarely shared by the industries and the analysis of individual and organisational behaviour through structured questionnaire and surveys have serious limitations. Under this circumstance, collecting expert feedback and using the TISM method to build an IEB model can help to build strategies to enhance the adoption of energy-efficient measures.

Social implications

Various policy level interventions and regulatory measures in the energy field, adopted across the globe, are found unsuccessful in narrowing the energy-efficiency gap, reducing the greenhouse gas (GHG) emissions and global warming. Understanding the key driving factors can help develop effective intervention strategies to improve energy efficiency and reduce GHG emissions.

Originality/value

The industry energy behaviour model with driving, linking and dependent factors and factor hierarchy is a novel contribution to the theory of organisational behaviour. The model takes into consideration both the individual and organisational factors where the decision-making is not strictly under volitional control. Understanding the key driving factor of behaviour can help design an effective intervention strategy that addresses the barriers to energy efficiency improvement. The results imply that it is important to carry out post energy audit studies to understand the implementation rate of recommendations and also the individual and organisational factors that influence the WTA energy-saving measures.

Details

Journal of Science and Technology Policy Management, vol. 14 no. 1
Type: Research Article
ISSN: 2053-4620

Keywords

Article
Publication date: 11 April 2008

Diego Silva Herran and Toshihiko Nakata

This study aims to present preliminary results from an integrated evaluation of electricity supply systems for rural areas using renewable energy technologies by means of a…

1053

Abstract

Purpose

This study aims to present preliminary results from an integrated evaluation of electricity supply systems for rural areas using renewable energy technologies by means of a multi‐objective decision making method

Design/methodology/approach

Goal programming is applied to obtain the optimal system configuration meeting the electricity demand, based on the location's resource availability and taking diesel generation as the alternative of reference. The performance of the system is evaluated through four attributes: electricity generation costs, employment and two environmental impacts (CO2 emissions and land use). The model is designed for isolated rural area belonging to the non‐interconnected zones of Colombia.

Findings

Application of the method showed that biomass conversion technology has the highest potential and that renewable energy systems offer better performance than diesel generation. Reductions of more than 10 percent in unit electricity costs, land use rates and CO2 emissions can be achieved.

Research limitations/implications

Inclusion of additional attributes and sensitivity analysis are matters of future research.

Originality/value

The methodology used in this study is an alternative means to perform evaluation of electricity supply systems integrating several aspects of technology and which is flexible enough so as to enable the inclusion of a wider scope of interests towards energy access targets.

Details

International Journal of Energy Sector Management, vol. 2 no. 1
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 7 April 2020

Daniela Carlucci, Paolo Renna, Sergio Materi and Giovanni Schiuma

This paper proposes a model based on minority game (MG) theory to support the decision-making regarding the efficient allocation and exploitation of resources/services among the…

Abstract

Purpose

This paper proposes a model based on minority game (MG) theory to support the decision-making regarding the efficient allocation and exploitation of resources/services among the partners of a cloud manufacturing (CMfg) system. CMfg system is a new manufacturing paradigm to share manufacturing capabilities and resources on a cloud platform. The use of a decision model to organize and manage the resources and services provided by the autonomous participants of a CMfg has crucial relevance for the system's effectiveness and efficiency.

Design/methodology/approach

This research proposes a noncooperation model based on MG theory. The MG is designed to make decisions on the use of resources/services among the partners of CMfg with private information. A simulation environment was developed to test the efficiency of the proposed decision model. Moreover, an ideal decision model with complete information among the partners was used as a benchmark model.

Findings

The simulation results show how the application of the proposed MG model outperforms the MG model usually proposed in the literature. In particular, the proposed decision model based on private information has an efficiency closer to the ideal model with complete information among the partners of a CMfg.

Originality/value

This paper advances knowledge about the application of MG in the field of CMfg system. The proposed decision-making model based on MG is a promising approach to help enterprises, and especially small and medium enterprises, to participate in CMfg initiatives and to develop their business.

Details

Management Decision, vol. 58 no. 11
Type: Research Article
ISSN: 0025-1747

Keywords

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