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A novel supply chain of straw briquette fuel and the optimal way to acquire fixed assets

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  • Wang, Dongji
  • Liu, Liansheng
  • Liu, Chunyu
  • Xie, Jun
  • Yuan, Ye
  • Yang, Hua
  • Duan, Runze

Abstract

Space heating using straw briquette fuel in China rural is an important method to replace fossil fuels and reduce greenhouse gas emissions. However, the price of straw briquette fuel is high in traditional supply chain. Therefore, a novel closed-loop supply chain centered on energy service station is proposed. An appropriate way to acquire fixed assets can promote the rapid development of energy service station. In order to find a better solution, the methods of net present value and entropy weight are adopted. The results show that the priority order for small-scale energy service station is operating lease (OL), purchasing with loans (PL), purchasing with own fund (PF) and financial lease (FL), while that for large-scale energy service station is PL, OL, PF, FL. The results indicate that for small-scale energy service station, the optimal way to acquire fixed assets is affected by loan interest rate, rent interest rate and discount rate, while for large-scale energy service station, the optimal way to acquire fixed assets is mainly affected by loan interest rate, and the discount rate and rent interest rate have a negligible influence on the decision.

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  • Wang, Dongji & Liu, Liansheng & Liu, Chunyu & Xie, Jun & Yuan, Ye & Yang, Hua & Duan, Runze, 2021. "A novel supply chain of straw briquette fuel and the optimal way to acquire fixed assets," Energy Policy, Elsevier, vol. 153(C).
    • Handle: RePEc:eee:enepol:v:153:y:2021:i:c:s0301421521001154
    DOI: 10.1016/j.enpol.2021.112246
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    Cited by:

    1. Wang, Xue & Fan, Li-Wei & Zhang, Hongyan, 2023. "Policies for enhancing patent quality: Evidence from renewable energy technology in China," Energy Policy, Elsevier, vol. 180(C).
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    3. Divesh Garg & Reena Garg, 2022. "Performance analysis of the briquette machine considering aneglected faults with preventive maintenance," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(4), pages 2075-2083, August.
    4. Ahmed M. K. Abdel Aal & Omer H. M. Ibrahim & Ammar Al-Farga & Ehab A. El Saeidy, 2023. "Impact of Biomass Moisture Content on the Physical Properties of Briquettes Produced from Recycled Ficus nitida Pruning Residuals," Sustainability, MDPI, vol. 15(15), pages 1-17, July.

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