Endüstri Mühendisliği Bölümü Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.11779/1942

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  • Article
    Citation - WoS: 51
    Citation - Scopus: 58
    An Optimization Model for Carbon Capture & Storage/Utilization Vs. Carbon Trading: a Case Study of Fossil-Fired Power Plants in Turkey
    (Academic Press Ltd- Elsevier Science Ltd, 2018-06-01) Uctug, Fehmi Görkem; Ağralı, Semra; Türkmen, Burçin Atılgan
    We consider fossil-fired power plants that operate in an environment where a cap and trade system is in operation. These plants need to choose between carbon capture and storage (CCS), carbon capture and utilization (CCU), or carbon trading in order to obey emissions limits enforced by the government. We develop a mixed-integer programming model that decides on the capacities of carbon capture units, if it is optimal to install them, the transportation network that needs to be built for transporting the carbon captured, and the locations of storage sites, if they are decided to be built. Main restrictions on the system are the minimum and maximum capacities of the different parts of the pipeline network, the amount of carbon that can be sold to companies for utilization, and the capacities on the storage sites. Under these restrictions, the model aims to minimize the net present value of the sum of the costs associated with installation and operation of the carbon capture unit and the transportation of carbon, the storage cost in case of CCS, the cost (or revenue) that results from the emissions trading system, and finally the negative revenue of selling the carbon to other entities for utilization. We implement the model on General Algebraic Modeling System (GAMS) by using data associated with two coal-fired power plants located in different regions of Turkey. We choose enhanced oil recovery (EOR) as the process in which carbon would be utilized. The results show that CCU is preferable to CCS as long as there is sufficient demand in the EOR market. The distance between the location of emission and location of utilization/storage, and the capacity limits on the pipes are an important factor in deciding between carbon capture and carbon trading. At carbon prices over $15/ton, carbon capture becomes preferable to carbon trading. These results show that as far as Turkey is concerned, CCU should be prioritized as a means of reducing nationwide carbon emissions in an environmentally and economically rewarding manner. The model developed in this study is generic, and it can be applied to any industry at any location, as long as the required inputs are available. (C) 2018 Elsevier Ltd. All rights reserved.
  • Article
    Citation - WoS: 10
    Citation - Scopus: 13
    Energy Investment Planning at a Private Company: a Mathematical Programming-Based Model and Its Application in Turkey
    (IEEE-Inst Electrical Electronics Engineers Inc, 2017-11-01) Ağralı, Semra; Canakoglu, Ethem; Arikan, Yildiz; Terzi, Fulya; Adıyeke, Esra; Adyeke, Esra; Agral, Semra; Çanakolu, Ethem
    We consider a mid-sized private electricity generating company that plans to enter the market that is partially regulated. There is a cap and trade system in operation in the industry. There are nine possible power plant types that the company considers to invest on through a planning horizon. Some of these plants may include a carbon capture and storage technology. We develop a stochastic mixed-integer linear program for this problem where the objective is to maximize the expected net present value of the profit obtained. We include restrictions on the maximum and minimum possible amount of investment for every type of investment option. We also enforce market share conditions such that the percentage of the total investments of the company over the total installed capacity of the country stay between upper and lower bounds. Moreover, in order to distribute the investment risk, the percentage of each type of power plant investment is restricted by some upper bound. We tested the model for a hypothetical company operating in Turkey. The results show that the model is suitable to be used for determining the investment strategy of the company.