Environmental Studies Class Journal Case Study Example | Topics and Well Written Essays - 1500 words

Environmental Studies Class Journal - Case Study ExampleIt would be helpful if we could shut down close to of the less efficient plants, even if we cant close all of them. Natural gas is one of the states largest source of energy and only 10% of the states energy comes from renew adequate to(p)s, mostly geothermals followed by biomass, wind, and solar. Economic analyses are decision-making faunas for energy trade union movements and techniques to choose among a number of different options. They do not include the benefit to the environment, the benefit to society, or whether youre being a good neighbor. Objectives for this unit are to understand that these analyses can range from simple to complex, be able to review and understand assumptions, be familiar with the limits, and be able to run through example calculations. Types of economic analyses include rough order of magnitude estimates for budget purposes (ROM), Simple payback, and Internal rate of return (IRR). These are use bo th on new building projects and retrofits. Investment decision types involved in analyses include to accept or reject a single project or system operation, to select an optimal efficiency level for a building system, select an optimal system type from competing alternatives, select an optimal combine of interdependent systems, and/or rank competing projects to allocate a limited budget. Assumptions are everything. They define the project and state the objectives, they establish first cost, cost of energy, cost of tire and materials, cost of maintenance, cost of money, tax credits, and inflation. You need to know where they came from, which ones are solid as compared to guesses, and how to adjust when solid numbers are available. To get an idea of how to do this, we looked at the simple payback synopsis. The equation is simple payback (in years) = cost divided by nest egg where the cost is the cost of the project in dollars and the savings are annual energy savings in dollars. In comparing options, you subtract the cost of one benefit over the other. For cost, you should list the assumptions and the sources you used to endeavor that number, then use the cost difference between the different options. Do the same thing for savings, convert all units to dollars per year. We looked at a refrigerator analysis as an example in which the simple payback was about one and a half years. Then we looked at the example of a water skunk which included more complex variables. These two examples really helped demonstrate the important role played by the assumptions that effects the overall solution. The example with the compact light bulbs showed how to use the spreadsheet program to help us work out the details and allows us to change the variables when we need to, for example if an assumption has changed. After the break, we looked at an online tool that would do these analyses which showed why its important for us to be able to check these figures for ourselves and t hen moved on to talk about energy action plans. The second gear half of class looked at an energy action plan. This was accomplished by looking at the specific example of Stanford University. He talked about the importance of erudite the location, getting management interested, getting the users involved, the maintenance people involved, and performing the energy audit from a variety of perspectives. Things that were important in this section were involving maintenance, the design team, the skip of capital improvement, non-stop measurement,