IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i10p6282-d820890.html
   My bibliography  Save this article

Multi-Technology Driven R&D Cost Improvement Scheme and Application Utility of EESP in Energy-Intensive Manufacturing Industry

Author

Listed:
  • Fangyuan Qian

    (Internet Research Center, China Tobacco Guangxi Industrial Co., Ltd., Nanning 530001, China)

  • Shuiye Niu

    (School of Innovation and Entrepreneurship, Shandong University, Qingdao 266237, China)

  • Yujuan Xi

    (School of Innovation and Entrepreneurship, Shandong University, Qingdao 266237, China)

Abstract

Facing the sustainable use of electric power resources, many countries in the world focus on the R&D investment and application of electrochemical energy storage projects (i.e., EESP). However, the high R&D cost of EESP has been hindering large-scale industrial promotion in the energy-intensive manufacturing industry represented by the tobacco industry. Reducing and controlling the R&D cost has become an urgent problem to be solved. In this context, this paper innovatively proposes a multi-technology driven R&D cost improvement scheme, which integrates WBS (i.e., Work Breakdown Structure), EVM (i.e., Earned Value Method), BD (i.e., Big Data), and ML (i.e., Machine Learning) methods. Especially, the influence of R&D cost improvement on EESP application performance is discussed through mathematical model analysis. The research indicates that reducing EESP R&D costs can significantly improve the stability of EESP power supply, and ultimately improve the application value of EESP in energy-intensive manufacturing industries. The R&D cost management scheme and technical method proposed in this paper have important theoretical guiding values and practical significance for accelerating the large-scale application of EESP.

Suggested Citation

  • Fangyuan Qian & Shuiye Niu & Yujuan Xi, 2022. "Multi-Technology Driven R&D Cost Improvement Scheme and Application Utility of EESP in Energy-Intensive Manufacturing Industry," Sustainability, MDPI, vol. 14(10), pages 1-21, May.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:10:p:6282-:d:820890
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/10/6282/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/10/6282/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bettina Peters & Mark J. Roberts & Van Anh Vuong, 2017. "Dynamic R&D choice and the impact of the firm's financial strength," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(1-2), pages 134-149, February.
    2. Mueller, Simon C. & Sandner, Philipp G. & Welpe, Isabell M., 2015. "Monitoring innovation in electrochemical energy storage technologies: A patent-based approach," Applied Energy, Elsevier, vol. 137(C), pages 537-544.
    3. Jun, Seung-Pyo & Yoo, Hyoung Sun & Hwang, Jeena, 2021. "A hybrid recommendation model for successful R&D collaboration: Mixing machine learning and discriminant analysis," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    4. Jiao Wang, 2020. "Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods," Mathematical Problems in Engineering, Hindawi, vol. 2020, pages 1-9, August.
    5. Madurai Elavarasan, Rajvikram & Pugazhendhi, Rishi & Jamal, Taskin & Dyduch, Joanna & Arif, M.T. & Manoj Kumar, Nallapaneni & Shafiullah, GM & Chopra, Shauhrat S. & Nadarajah, Mithulananthan, 2021. "Envisioning the UN Sustainable Development Goals (SDGs) through the lens of energy sustainability (SDG 7) in the post-COVID-19 world," Applied Energy, Elsevier, vol. 292(C).
    6. Madurai Elavarasan, Rajvikram & Pugazhendhi, Rishi & Irfan, Muhammad & Mihet-Popa, Lucian & Campana, Pietro Elia & Khan, Irfan Ahmad, 2022. "A novel Sustainable Development Goal 7 composite index as the paradigm for energy sustainability assessment: A case study from Europe," Applied Energy, Elsevier, vol. 307(C).
    7. He, Guannan & Ciez, Rebecca & Moutis, Panayiotis & Kar, Soummya & Whitacre, Jay F., 2020. "The economic end of life of electrochemical energy storage," Applied Energy, Elsevier, vol. 273(C).
    8. Nan Li & Haining Zhang & Xiangcheng Zhang & Xue Ma & Sen Guo, 2020. "How to Select the Optimal Electrochemical Energy Storage Planning Program? A Hybrid MCDM Method," Energies, MDPI, vol. 13(4), pages 1-20, February.
    9. Zhu, Zongyuan & Xu, Zhen, 2020. "The rational design of biomass-derived carbon materials towards next-generation energy storage: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    10. Huang, Junbing & Chen, Xiang, 2020. "Domestic R&D activities, technology absorption ability, and energy intensity in China," Energy Policy, Elsevier, vol. 138(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Madurai Elavarasan, Rajvikram & Nadarajah, Mithulananthan & Pugazhendhi, Rishi & Sinha, Avik & Gangatharan, Sivasankar & Chiaramonti, David & Abou Houran, Mohamad, 2023. "The untold subtlety of energy consumption and its influence on policy drive towards Sustainable Development Goal 7," Applied Energy, Elsevier, vol. 334(C).
    2. Padmanathan Kasinathan & Rishi Pugazhendhi & Rajvikram Madurai Elavarasan & Vigna Kumaran Ramachandaramurthy & Vinoth Ramanathan & Senthilkumar Subramanian & Sachin Kumar & Kamalakannan Nandhagopal & , 2022. "Realization of Sustainable Development Goals with Disruptive Technologies by Integrating Industry 5.0, Society 5.0, Smart Cities and Villages," Sustainability, MDPI, vol. 14(22), pages 1-31, November.
    3. Chen, Jie & Huang, Shoujun & Kamran, Hafiz Waqas, 2023. "Empowering sustainability practices through energy transition for sustainable development goal 7: The role of energy patents and natural resources among European Union economies through advanced panel," Energy Policy, Elsevier, vol. 176(C).
    4. Venkatraman Indrajayanthan & Nalin Kant Mohanty & Rajvikram Madurai Elavarasan & Lucian Mihet-Popa, 2022. "Investigation on Current and Prospective Energy Transition Scenarios in Indian Landscape Using Integrated SWOT-MCDA Methodology," Sustainability, MDPI, vol. 14(9), pages 1-31, April.
    5. Falavigna, Greta & Ippoliti, Roberto, 2023. "SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
    6. Serkan Altuntas & Zulfiye Erdogan & Turkay Dereli, 2020. "A clustering-based approach for the evaluation of candidate emerging technologies," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1157-1177, August.
    7. Tingting Zheng & Zongxuan Chai & Pengfei Zuo & Xinyu Wang, 2024. "The Effect of Multilateral Economic Cooperation on Sustainable Natural Resource Development," Sustainability, MDPI, vol. 16(17), pages 1-25, August.
    8. Battke, Benedikt & Schmidt, Tobias S. & Stollenwerk, Stephan & Hoffmann, Volker H., 2016. "Internal or external spillovers—Which kind of knowledge is more likely to flow within or across technologies," Research Policy, Elsevier, vol. 45(1), pages 27-41.
    9. Andrés Fernández-Miguel & Maria Pia Riccardi & Valerio Veglio & Fernando E. García-Muiña & Alfonso P. Fernández del Hoyo & Davide Settembre-Blundo, 2022. "Disruption in Resource-Intensive Supply Chains: Reshoring and Nearshoring as Strategies to Enable Them to Become More Resilient and Sustainable," Sustainability, MDPI, vol. 14(17), pages 1-13, August.
    10. Jiyong Li & Zeyi Hua & Lin Tian & Peiwen Chen & Hao Dong, 2024. "Optimal Capacity Allocation for Life Cycle Multiobjective Integrated Energy Systems Considering Capacity Tariffs and Eco-Indicator 99," Sustainability, MDPI, vol. 16(20), pages 1-22, October.
    11. Wang, Richard & Ye, Zhongnan & Lu, Miaojia & Hsu, Shu-Chien, 2022. "Understanding post-pandemic work-from-home behaviours and community level energy reduction via agent-based modelling," Applied Energy, Elsevier, vol. 322(C).
    12. Mengyao Liu & Yan Hou & Hongli Jiang, 2023. "The Energy-Saving Effect of E-Commerce Development—A Quasi-Natural Experiment in China," Energies, MDPI, vol. 16(12), pages 1-22, June.
    13. Ahmed Ginidi & Sherif M. Ghoneim & Abdallah Elsayed & Ragab El-Sehiemy & Abdullah Shaheen & Attia El-Fergany, 2021. "Gorilla Troops Optimizer for Electrically Based Single and Double-Diode Models of Solar Photovoltaic Systems," Sustainability, MDPI, vol. 13(16), pages 1-28, August.
    14. Hagreaves Kumba & Oludolapo A. Olanrewaju & Ratidzo Pasipamire, 2024. "Integration of Renewable Energy Technologies for Sustainable Development in South Africa: A Focus on Grid-Connected PV Systems," Energies, MDPI, vol. 17(12), pages 1-22, June.
    15. Pusceddu, Elian & Zakeri, Behnam & Castagneto Gissey, Giorgio, 2021. "Synergies between energy arbitrage and fast frequency response for battery energy storage systems," Applied Energy, Elsevier, vol. 283(C).
    16. Lee, Chien-Chiang & Wang, Chang-song, 2022. "Does natural resources matter for sustainable energy development in China: The role of technological progress," Resources Policy, Elsevier, vol. 79(C).
    17. José Lobo & Deborah Strumsky, 2019. "Sources of inventive novelty: two patent classification schemas, same story," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(1), pages 19-37, July.
    18. Li, Dong & Guo, Yanchuan & Li, Yi & Liu, Zhengang & Chen, Zeliang, 2022. "Waste-biomass tar functionalized carbon spheres with N/P Co-doping and hierarchical pores as sustainable low-cost energy storage materials," Renewable Energy, Elsevier, vol. 188(C), pages 61-69.
    19. Farboud Khatami & Erfan Goharian, 2022. "Beyond Profitable Shifts to Green Energies, towards Energy Sustainability," Sustainability, MDPI, vol. 14(8), pages 1-28, April.
    20. Teirlinck, Peter, 2022. "Enhancing R&D employment slack during environmental turbulence: Triggers and firm performance consequences for R&D-active SMEs," Technovation, Elsevier, vol. 118(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:10:p:6282-:d:820890. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.