Publication detail

A Waste-to-Energy Project: A Complex Approach towards the Assessment of Investment Risks

FERDAN, T. ŠOMPLÁK, R. ZAVÍRALOVÁ, L. PAVLAS, M. FRÝBA, L.

Original Title

A Waste-to-Energy Project: A Complex Approach towards the Assessment of Investment Risks

Type

journal article in Web of Science

Language

English

Original Abstract

This paper presents a complex methodology towards investment risk quantification in a waste-to-energy (WTE) project. It focuses on risks related to the supply of waste. A novel approach is proposed, where waste availability is assessed based on a complex simulation of future competition in the waste market. The methodology takes advantage of complex calculation performed by the system NERUDA. NERUDA is a logistic-based optimization tool, which allocates processing capacities and proposes waste flows between producers and processors within modelled region. One original feature of the methodology is how the assessment is formulated, whereby the optimum collection areas are compared with a project's capacity. The new term waste availability factor is defined and used in the assessment. The practical implications of such an approach are demonstrated through a case study. The results of this work support decision-making processes involved in new WTE projects. Since one of the major risks is a lock of waste availability, its evaluation represents an integral part of feasibility studies for WTE projects.

Keywords

Waste-to-energy; Risk analysis; NERUDA; Waste management; Waste availability

Authors

FERDAN, T.; ŠOMPLÁK, R.; ZAVÍRALOVÁ, L.; PAVLAS, M.; FRÝBA, L.

RIV year

2015

Released

5. 10. 2015

Publisher

Elsevier BV

ISBN

1359-4311

Periodical

Applied Thermal Engineering

Year of study

89

Number

1

State

United Kingdom of Great Britain and Northern Ireland

Pages from

1127

Pages to

1136

Pages count

10

BibTex

@article{BUT115779,
  author="Tomáš {Ferdan} and Radovan {Šomplák} and Lenka {Szásziová} and Martin {Pavlas} and Lukáš {Frýba}",
  title="A Waste-to-Energy Project: A Complex Approach towards the Assessment of Investment Risks",
  journal="Applied Thermal Engineering",
  year="2015",
  volume="89",
  number="1",
  pages="1127--1136",
  doi="10.1016/j.applthermaleng.2015.04.005",
  issn="1359-4311"
}