Fuzzy quadratic programming model for the optimal design of an algal bioenergy park under optimal price markdown percentage

Aristotle Tulagan Ubando, Kyle Darryl T. Aguilar

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

Algae bioenergy park offers an efficient solution in producing algal bioproducts while increasing the industrial park's efficiency and profit while reducing its wastes and environmental emissions. An industrial park consists of multiple interdependent industries with potentially shared material and energy flow streams. Its inherent complexity of interconnectivity of streams make the design of an industrial park challenging. This study proposes a fuzzy quadratic programming model for the optimal design of an algal bioenergy park which comprised of an integrated microalgae-biodiesel plant, an ethanol plant, a cement factory, a sugar mill with power production, and a poly(β-hydroxybutyrates) and methanol plant. The system was designed based on satisfying multiple objectives such as meeting product demand limits, maximizing tenant annual profits, and minimizing environmental footprints. The study includes the impact of the optimal markdown pricing percentage as a price-break strategy in the design of an algae bioenergy park. The results indicate the feasibility of the proposed optimal design of the algae bioenergy park. It also have shown a 2.33% increase in the overall degree of satisfaction at the optimal markdown pricing percentage of 75%. Overall, the study can serve as a reference in the application of markdown pricing as a business strategy in companies under industrial symbiosis.

Original languageEnglish
Title of host publicationProceedings of the 2016 IEEE Region 10 Conference, TENCON 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages936-941
Number of pages6
ISBN (Electronic)9781509025961
DOIs
Publication statusPublished - 2017 Feb 8
Event2016 IEEE Region 10 Conference, TENCON 2016 - Singapore, Singapore
Duration: 2016 Nov 222016 Nov 25

Publication series

NameIEEE Region 10 Annual International Conference, Proceedings/TENCON
ISSN (Print)2159-3442
ISSN (Electronic)2159-3450

Other

Other2016 IEEE Region 10 Conference, TENCON 2016
CountrySingapore
CitySingapore
Period16-11-2216-11-25

All Science Journal Classification (ASJC) codes

  • Computer Science Applications
  • Electrical and Electronic Engineering

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