Dr. Wenji Zhou recently had a paper published in theAnnals of Operations Research.The paper titled‘A multi-criteria decision support model for adopting energy effificiency technologies in the iron and steel industry’, was coauthored with Hongtao Ren,Yadong Yu and Tieju Ma from School of Business, East China University of Science and Technology, Marek Makowski and Shaohui Zhang from International Institute for Applied Systems Analysis.

Abstract

Promoting energy effificiency in iron and steel production provides opportunities for mitigatingenvironmental impacts from this energy-intensive industry. Energy effificiency technologies differ in investment costs, fuel-saving potentials, and environmental performance. Hence the decision-making of the adoption strategy needs to prioritize technological combinations concerning these multi-dimensional objectives. To address this problem, this study proposes a hybrid multi-criteria decision-support model for adopting energy effificiency technologies in the iron and steel industry. The modeling framework integrates a linear programming model that determines the optimal technology adoption rates based on the techno-economic, energy, and environmental performance details and an interactive multi-criteria model analysis tool for diverse modeling environments. A real case study was performed in which a total number of 56 energy effificiency technologies were investigated against various criteria concerning economics, energy, and environmental performances. The results examine the tradeoffs and synergies were examined with regard to seven criteria. A balanced solution shows that a total investment of 13.4 billion USD could save 2.51 Exajoule fuel consumption, cut 67.4 million tons (Mton) CO2 emissions, and reduce air pollution of 1.5 Mton SO2, 1.41 Mton NOx, and 0.86 Mton PM, respectively. The case study demonstrates the effectiveness and applicability of the proposed multi-criteria decision-making support framework.

Other information

Publication Date:2022

Journal:Annals of Operations Research

Journal Issue: 07（2022）

DOI: https://doi.org/10.1007/s10479-022-04548-z

Read the paper here.