A Framework for Effective Energy Management Modeling in Industry

Abstract:

The demand for energy in continues to grow. This projected growth in demand has spurned several initiatives aimed at forestalling potential shortages. The focus is on influencing the energy consumption patterns in industry especially during peak demand times when energy supply systems are strained. Moreover, the modern society has become more sensitive to the impact on the environment. More consumers are aware today of the need to conserve energy. A typical platform will enable industry to reduce electricity usage. The ability to manage energy usage more effectively saves businesses. To ensure the provision of adequate, secure and cost-effective energy supplies, resources using the latest cost options are being utilized. To promote the efficient utilization of energy and discourage wasteful and non-productive patterns of energy consumption, the energy policy's approach is to rely heavily on industry to exercise efficiency in energy conversion, utilization and consumption through the implementation of awareness programs. This research will encourage engineers in industry to evaluate, investigate, discover and discuss the various opportunities available to manage energy in industry utilizing a well-structured and engineered methodology and to consider energy management initiatives seriously.

• Periodical: Advanced Materials Research (Volumes 875-877)
• Pages: 1895-1898
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.875-877.1895
• Online since: February 2014
• Authors: A.A. Faieza, J. Nadarajah
• Keywords: Correlation, Energy, Energy Consumption (EC), Regression Analysis, Standard Deviation

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