hrcak mascot   Srce   HID

Izvorni znanstveni članak
https://doi.org/10.13044/j.sdewes.d5.0140

The Importance of using Discounted Cash Flow Methodology in Techno-economic Analyses of Energy and Chemical Production Plants

Zorka Novak Pintarič   ORCID icon orcid.org/0000-0003-0054-6567 ; Faculty of Chemistry and Chemical Engineering, University of Maribor, Smetanova 17, Maribor
Zdravko Kravanja ; Faculty of Chemistry and Chemical Engineering, University of Maribor, Smetanova 17, Maribor

Puni tekst: engleski, pdf (497 KB) str. 163-176 preuzimanja: 473* citiraj
APA 6th Edition
Novak Pintarič, Z. i Kravanja, Z. (2017). The Importance of using Discounted Cash Flow Methodology in Techno-economic Analyses of Energy and Chemical Production Plants. Journal of Sustainable Development of Energy, Water and Environment Systems, 5 (2), 163-176. https://doi.org/10.13044/j.sdewes.d5.0140
MLA 8th Edition
Novak Pintarič, Zorka i Zdravko Kravanja. "The Importance of using Discounted Cash Flow Methodology in Techno-economic Analyses of Energy and Chemical Production Plants." Journal of Sustainable Development of Energy, Water and Environment Systems, vol. 5, br. 2, 2017, str. 163-176. https://doi.org/10.13044/j.sdewes.d5.0140. Citirano 30.07.2021.
Chicago 17th Edition
Novak Pintarič, Zorka i Zdravko Kravanja. "The Importance of using Discounted Cash Flow Methodology in Techno-economic Analyses of Energy and Chemical Production Plants." Journal of Sustainable Development of Energy, Water and Environment Systems 5, br. 2 (2017): 163-176. https://doi.org/10.13044/j.sdewes.d5.0140
Harvard
Novak Pintarič, Z., i Kravanja, Z. (2017). 'The Importance of using Discounted Cash Flow Methodology in Techno-economic Analyses of Energy and Chemical Production Plants', Journal of Sustainable Development of Energy, Water and Environment Systems, 5(2), str. 163-176. https://doi.org/10.13044/j.sdewes.d5.0140
Vancouver
Novak Pintarič Z, Kravanja Z. The Importance of using Discounted Cash Flow Methodology in Techno-economic Analyses of Energy and Chemical Production Plants. Journal of Sustainable Development of Energy, Water and Environment Systems [Internet]. 2017 [pristupljeno 30.07.2021.];5(2):163-176. https://doi.org/10.13044/j.sdewes.d5.0140
IEEE
Z. Novak Pintarič i Z. Kravanja, "The Importance of using Discounted Cash Flow Methodology in Techno-economic Analyses of Energy and Chemical Production Plants", Journal of Sustainable Development of Energy, Water and Environment Systems, vol.5, br. 2, str. 163-176, 2017. [Online]. https://doi.org/10.13044/j.sdewes.d5.0140

Sažetak
This paper demonstrates the correct application of discounted cash flow methodology for evaluating and designing energy and chemical production plants. Such processes usually correspond to capital intensive long-term projects. Simple economic criteria, like the
profit or production cost are insufficient for this type of decision making because they do not take into account the time value of money and underestimate the profitabilities of the evaluated plants. This paper shows that some of those criteria based on the discounted
cash flows establish suitable compromises between long-term cash flow generation and profitability. As several alternative options are usually evaluated in parallel, it is shown how to rank mutually exclusive alternatives properly and how to select the best option
from among them. Two large-scale case studies demonstrate that using discounted cash flow methodology can result in substantially different decisions than non-discounted criteria, however, these decisions are affected by several input parameters.

Ključne riječi
Discounted cash flow analysis; Time value of money; Net present value; Profitability; Process

Hrčak ID: 181492

URI
https://hrcak.srce.hr/181492

Posjeta: 770 *