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Optimal Profit Distribution in Interplant Waste Heat Integration through a Hybrid Approach

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  • López-Flores, Francisco Javier
  • Hernández-Pérez, Luis Germán
  • Lira-Barragán, Luis Fernando
  • Rubio-Castro, Eusiel
  • Ponce-Ortega, José M.

Abstract

Resource allocation among stakeholders has not been addressed equitably in interplant heat integration that simultaneously considers thermal engines. Therefore, this paper presents an approach to interplant heat integration and thermal engines that considers the equitable allocation of resources among the different industrial plants involved. A hybrid solution procedure based on iteration between metaheuristic optimization and deterministic optimization is used to solve the problem. Thermal engines (steam Rankine, organic Rankine, and absorption refrigeration cycles) are modeled through a process simulator and optimized using a link between MS Excel®-Visual Basic for Applications®-Aspen Plus®. Using the deterministic approach, a mathematical model is proposed to determine the individual revenues of the involved industrial plants. The incorporation of the Social Welfare, Rawlsian Welfare, and Nash schemes is proposed to find the fairest revenue allocation. A case study with four different scenarios is shown to evaluate the proposed approach. The results show different solutions for thermal engines, as well as different revenue distributions under the allocation schemes. Optimal operating conditions are found for thermal engines. Also, it is shown that for this case study the Rawlsian scheme provides a fair allocation of revenue and costs.

Suggested Citation

  • López-Flores, Francisco Javier & Hernández-Pérez, Luis Germán & Lira-Barragán, Luis Fernando & Rubio-Castro, Eusiel & Ponce-Ortega, José M., 2022. "Optimal Profit Distribution in Interplant Waste Heat Integration through a Hybrid Approach," Energy, Elsevier, vol. 253(C).
    • Handle: RePEc:eee:energy:v:253:y:2022:i:c:s0360544222009045
    DOI: 10.1016/j.energy.2022.124001
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    References listed on IDEAS

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