Life Cycle Costing Analysis of Energy Options:  In Search of Better Decisions towards Sustainability in Indian Power & Energy Sector

Vivek Soni; AP Dash; SP Singh; DK Banwet

Authors

Vivek Soni
AP Dash
SP Singh
DK Banwet

Keywords:

India, life cycle costing (lcc), life cycle management, solar power plant, Sustainability, thermal power plant, sustainability, india.

Abstract

The utilization of energy from fossil fuels has becoming important driver and plays a vital role for all the economies. The alternative resources have wider concerns over the issues of energy security and sustainable development in the sector. In this context, for meeting the national power deficit and addition to thermal power generation capacity, power generation from thermal plants has been a very important history of the Indian power sector. life cycle costing (lcc), life cycle management, thermal power plant, solar power plant, sustainability, india.

Downloads

Article PDF

How to Cite

Life Cycle Costing Analysis of Energy Options: In Search of Better Decisions towards Sustainability in Indian Power & Energy Sector. (2014). Global Journal of Management and Business Research, 14(1), 43-54. https://journalofbusiness.org/index.php/GJMBR/article/view/

Download Citation

Author Biographies

Vivek Soni

Vivek Soni is a faculty member (Assistant Professor) at the Faculty of Management Studies (FMS), University of Delhi, since January 2023. He earned his full-time Ph.D. (Modeling Energy Security of India), awarded from the Department of Management Studies, IIT Delhi (2016), and holds a Master's in Technology (2010) from the same institute and Business Administration (2020) from IGNOU, and a Bachelor of Technology from Motilal Nehru National Institute of Technology (NIT) Allahabad (2004). He learned regulations at the European University Institute in Italy. His Indian-centric, qualitative framework and quantification models, as well as cutting-edge research that reflects and universalizes the elements of creativity, comprehensiveness, and inclusive character of both research, Indian knowledge systems, and areas of public services and reforms, His publications included a broad spectrum of reputed international and national journals such as the International Journal of Management Education, Resources Policy, Journal of Business Research, The Indian Journal of Public Administration, Transforming Government: People, Process and Policy, and others. He is a dynamic and knowledge-sharing member of the All-India Management Association (AIMA), New Delhi, a Fellow grade member of the Institution of Engineers (India) Kolkata, a lifetime capacity builder for the Indian Institute of Public Administration, New Delhi, and a change-making agent as a certified Intendent Director by the Ministry of Corporate Affairs, Govt. of India.

SP Singh

Dr. Surya Prakash Singh is an Assistant Professor in the Department of Management Studies at the Indian Institute of Technology Delhi. He earned his PhD in Industrial & Management Engineering from IIT Kanpur, an M.Tech in Manufacturing Engineering from the National Institute of Foundry and Forge Technology, and a B.Tech in Mechanical Engineering from Bundelkhand Institute of Engineering and Technology. With over 300 publications and an h-index of 47, his research spans energy sustainability, supply chain management, circular economy, and big data analytics. He has held visiting positions at Aalborg University and the National University of Singapore, and previously served as Assistant Professor at Xavier Institute of Management. His work has been widely cited, reflecting his significant contributions to the field.

DK Banwet

Devinder Kumar Banwet is an Emeritus Professor at the Indian Institute of Technology Delhi (IIT Delhi), where he has contributed significantly to the field of management studies, particularly in the areas of sustainability, energy security, and life cycle costing. His research focuses on the Indian energy sector, employing cointegration and causality analysis to assess sustainability and security. He has co-authored influential papers such as 'A Cointegration and Causality Analysis for Assessing Sustainability and Security in Indian Energy Sector' and 'Life Cycle Costing Analysis of Energy Options: In Search of Better Decisions towards Sustainability in Indian Power & Energy Sector'. With a career spanning decades at IIT Delhi, Prof. Banwet has guided numerous research scholars and continues to be an active voice in energy policy and sustainable development.

References

Amy Rushing (2012) Energy Price Indices and Discount Factors for Life Cycle Cost Analysis. 2.

R Bidwell (1977) Checklist for Evaluating LCC Program Effectiveness.

B Dhillon (1999) Design Reliability: Fundamentals and Applications.

C, Richard Donnelly (1996) Specification for the assessment of greenhouse gas (GHG) emissions from the whole life cycle of textile products.

B Dhillon (1983) Reliability Engineering in Systems Design and Operations.

Erwin Schau (2011) Life Cycle Costing in Sustainability Assessment: A Case Study of Remanufactured Alternators. 3, 268-288.

(2004) Procurement in Municipalities for Integrated Solutions on Energy. 3-14.

G Keoleian (2004) Life cycle cost model for evaluating the sustainability of bridge decks. 143-149.

(2013) Country statistical profile: India 2013.

(2012) Five Year Plans Documents.

(2012) Union Budget and Economic Survey.

Joan Ogden (2002) Societal Lifecycle Costs of Cars with Alternative Fuels/Engines. 12, 4-27.

Lyle Turner (2008) Life Cycle Cost Analysis Report. 16-20.

E Louis-Wienecke, E Feltus (1979) Predictive Operations and Maintenance Cost Model.

M Marceau, L Bushi (2012) Life Cycle Assessment for Sustainable Design of Precast Concrete Commercial Buildings in Canada.

Michael Dale (2013) A Comparative Analysis of Energy Costs of Photovoltaic, Solar Thermal, and Wind Electricity Generation Technologies. 3(2), 325-337.

Matthew Orosz, Amy Mueller (2007) Small scale solar ORC system for distributed power. 19.

K Marks, H Garrison-Massey, B Bradley (1978) An Appraisal of Models used in Life Annual Supplement to NIST Handbook 135 and NBS special publication 709.

Boustani (2011) Unknown Title.

Appliance Remanufacturing and Life Cycle Energy and Economic Savings.

Oshani Perera (2010) A White Paper on Life Cycle Costing: A question of value.

Priscilla Bloomfield, Shawn Dent, Steve Mcdonald (2006) Incorporating Sustainability Into Asset Management Through Critical Life Cycle Cost Analyses. 2006(6), 6304-6315.

Ian Roth, Lawrence Ambs (2004) Incorporating externalities into a full cost approach to electric power generation life-cycle costing. 29(12-15), 2125-2144.

W Ryan (1968) Standardized method of life cycle costing for construction procurement. A supplement to BS ISO 15686-5. Buildings and constructed assets. Service life planning. Life cycle costing. 164-168.

B Schmidt (1979) Preparation for LCC Proposals and Contracts. 62-66.