Search NASA⌕ Search

SEARCH · Search NASA

Results for “economic model”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 37 records · Page 2
All sourcesNASA NTRSDOE OSTI
DOE OSTI2020

FY20 Third Milestone Report for Advanced Techno-Economic Modeling for Geothermal Heat Pump Applications in Residential, Commercial, and Industry Buildings

This report summarizes the developments of an integrated simulation program for enabling simulation, auto-sizing, and optimization of geothermal heat pump systems. This work fulfills the following FY20 third milestone for WBS 2.5.5.3: Advanced Techno-Economic Modeling for Geothermal Heat Pump Applications in Residential, Commercial, and Industry Building.

15 GEOTHERMAL ENERGY↗
DOE OSTI2020

Modeled economic potential for Eucalyptus spp. production for jet fuel additives in the United States

Feedstock price and availability remain a barrier to adoption of cellulosic biofuels. Eucalyptus spp., can produce an energy-dense terpene suitable for high-density synthetic hydrocarbon-type fuel (grade JP-10) production in addition to cellulosic-based feedstock for traditional jet fuels (e.g., grade Jet A) and gasoline. This study modeled economic potential for Eucalyptus to fulfill US fuel markets. Cold-tolerant Eucalyptus was simulated in an annual coppice system for maximized leaf production. Results of the lowest simulated price ($110 t -1 ) show that within 10 years, there is potential to produce 204 million L yr -1 of fuel, including 51 million L yr -1 of JP-10-type fuel, 75 million L yr -1 of Jet A type fuel, and 77 million L yr -1 of gasoline. These quantities of fuel could be valued at approximately $500 million (USD), with feedstock costs totaling approximately $100 million (USD). Longer-term markets (to 20 years) or higher priced (to $220 t -1 ) scenarios show potential for more production. Furthermore, research to determine potential for genetic improvement, delivered fuel costs, and biorefinery siting near existing infrastructure is recommended.

09 BIOMASS FUELS↗
DOE OSTI2021

Parallelized POD-based suboptimal economic model predictive control of a state-constrained Boussinesq approximation

Motivated by an energy efficient building application, we want to optimize a quadratic cost functional subject to the Boussinesq approximation of the Navier-Stokes equations and to bilateral state and control constraints. Since the computation of such an optimal solution is numerically costly, we design an efficient strategy to compute a sub-optimal (but applicationally acceptable) solution with significantly reduced computational effort. We employ an economic Model Predictive Control (MPC) strategy to obtain a feedback control. The MPC sub-problems are based on a linear-quadratic optimal control problem subjected to mixed control and state constraints and a convection-diffusion equation, reduced with proper orthogonal decomposition. Finally, to solve each sub-problem, we apply a primal-dual active set strategy. The method can be fully parallelized, which enables the solution of large problems with real-world parameters.

97 MATHEMATICS AND COMPUTING↗
DOE OSTI2020

Techno-Economic Modelling of Tidal Energy Converter Arrays in the Tacoma Narrows

Hydrokinetic tidal energy converter (TEC) technology is yet to become cost competitive with other renewable energy sources. Understanding the interaction between energy production and the costs incurred harvesting that energy may unlock the economic potential of this technology. Although hydrodynamic simulation of TEC arrays has matured over time, including demonstration of how small and large arrays affect the resource, integration of cost modelling is often limited. The advanced ocean energy array techno-economic modelling tool ‘DTOcean’ enables designers to calculate and improve the levelised cost of energy (LCOE) of an array through parametric simulation of the energy extraction, design of the electrical network, moorings and foundations, and simulation of the installation and lifetime operations and maintenance of the array. This work presents a verification of DTOcean’s ability to simulate the techno-economic performance of TEC arrays by reproducing the hypothetical RM1 reference model, a semi-analytical model of a TEC array based in the Tacoma Narrows of Washington state, U.S.A. It is demonstrated that DTOcean can produce a reasonable estimate to the LCOE predicted by the reference model, giving (in Euro cents per kiloWatt hour) 36.69 ¢/kWh against the reference model’s 34.612 ¢/kWh for 10 TECs, while for 50 TECs, DTOcean calculated 20.34 ¢/kWh compared to 17.34 ¢/kWh for the reference model.

Topper, Mathew B. R. (ORCID:0000000347324347)↗
NASA NTRS1978

An economic model of the manufacturers' aircraft production and airline earnings potential, volume 3

A behavioral explanation of the process of technological change in the U. S. aircraft manufacturing and airline industries is presented. The model indicates the principal factors which influence the aircraft (airframe) manufacturers in researching, developing, constructing and promoting new aircraft technology; and the financial requirements which determine the delivery of new aircraft to the domestic trunk airlines. Following specification and calibration of the model, the types and numbers of new aircraft were estimated historically for each airline's fleet. Examples of possible applications of the model to forecasting an individual airline's future fleet also are provided. The functional form of the model is a composite which was derived from several preceding econometric models developed on the foundations of the economics of innovation, acquisition, and technological change and represents an important contribution to the improved understanding of the economic and financial requirements for aircraft selection and production. The model's primary application will be to forecast the future types and numbers of new aircraft required for each domestic airline's fleet.

Kneafsey, J. T.↗
DOE OSTI2022

Integrated hydrological, power system and economic modelling of climate impacts on electricity demand and cost

Impacts of climate-related water stress and temperature changes can cascade through energy systems, although models have yet to capture this compounding of effects. Here, we employ a coupled water–power–economy model to capture these important interactions in a study of the exceedance of water temperature thresholds for power generation in the western United States. We find that not all reductions in reserve electricity-generation capacity result in impacts, and that when they occur, intermittent interruptions in electricity supply at critical times of the day, week and year account for much of the economic impacts. Finally, we find that impacts may be in different locations from the original water stress. Herein, we estimate that the consumption loss can be up to 0.3% annually and the drivers identified in coupled modelling can increase the average cost of electricity by up to 3%. Integrated models will be needed to capture the cascading effects of climate change through climatic, water, energy and economic systems. Webster et al. now develop a coupled hydrologic–power-production–economic model to estimate water-stress impacts on electricity cost.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2021

Computational framework for behind-the-meter DER techno-economic modeling and optimization: REopt Lite

The energy system is undergoing a major transformation with the global emphasis on decarbonization. Distributed generation is projected to play a significant role in the new energy system, and energy models are informing how distributed generation can be integrated reliably and economically. In this work, we present an end-to-end computational framework for distributed energy resource (DER) modeling, REopt Lite™, which captures the interface of technology, economics, and policy in the energy modeling process. We describe the problem space, the building blocks of the model, the scaling capabilities of the design, the optimization formulation, and the extensibility of the model. We present a framework for accelerating the techno-economic analysis of behind-the-meter distributed energy resources to enable rapid planning and decision-making, thereby enabling greater renewable energy deployment. This computation framework is open-sourced to facilitate transparency, flexibility, and wider collaboration opportunities within the worldwide energy modeling community.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2024

Herbicide‐resistant weed management with robots: A weed ecological–economic model

The heavy reliance on herbicides for weed control has led to an increase in resistant weeds in the United States. Robotic weed control is emerging as an alternative technology for removing weeds mechanically using artificial intelligence. We develop an integrated weed ecological and economic dynamic (I‐WEED) model to examine the biophysical and economic drivers of adopting robotic weed management and simulate the optimal timing and intensity of robotic adoption within and across growing seasons. We specify a cohort‐based weed growth model that relates yield damages to effective weed density and treats the susceptibility of weeds to herbicides as a renewable resource that can be regenerated by using mechanical weeding robots, due to a fitness cost that makes resistant weeds less prolific. Compared to myopic weed management which ignores resistance development, forward‐looking management leads to earlier adoption of robots and treating robots as complements instead of substitutes to herbicides. This weed management results in adopting fewer robots, deploying robots on a smaller portion of the land, higher profitability, and lower yield loss in the long run, relative to myopic management. Counterintuitively, myopic management leads to a lower resistance level through its higher robot adoption intensity. We also find that a lower level of initial weed seed resistance and/or a higher fitness cost result in a higher level of resistance because they create incentives for farmers to delay the adoption of robotic weed control. Our analysis shows the importance of jointly considering the interactions between weed ecology and economics in analyzing the incentives and effects of robotic weed management on weed resistance.

agricultural robotics↗
NASA NTRS1982

Economic modeling of fault tolerant flight control systems in commercial applications

This paper describes the current development of a comprehensive model which will supply the assessment and analysis capability to investigate the economic viability of Fault Tolerant Flight Control Systems (FTFCS) for commercial aircraft of the 1990's and beyond. An introduction to the unique attributes of fault tolerance and how they will influence aircraft operations and consequent airline costs and benefits is presented. Specific modeling issues and elements necessary for accurate assessment of all costs affected by ownership and operation of FTFCS are delineated. Trade-off factors are presented, aimed at exposing economically optimal realizations of system implementations, resource allocation, and operating policies. A trade-off example is furnished to graphically display some of the analysis capabilities of the comprehensive simulation model now being developed.

Finelli, G. B.↗
DOE OSTI2024

Techno-economic Model and Analysis for Hydrogen (H2) Pipeline Transportation

Presentation at the 9th ELAEE (Latin American Energy Economics Meeting) July 28th – 30th, 2024 in PUC-Rio, Rio de Janeiro, Brazil. The presentation highlights the FECM/NETL Hydrogen Pipeline Cost Model (H2_P_COM). The model estimates costs for transporting gaseous hydrogen in a pipeline from a source, such as a hydrogen production facility, to a final destination which may be a user of the hydrogen or a distribution center where hydrogen in the pipeline is diverted to multiple end users.

Cunha, Luciane↗
DOE OSTI2023

Tabulated Database of Closed-Loop Geothermal Systems Performance for Cloud-Based Technical and Economic Modeling of Heat Production and Electricity Generation: Preprint

To better understand the heat production, electricity generation performance and economic viability of closed loop geothermal systems in hot-dry-rock, the Closed Loop Geothermal Group, a consortium of several national labs and academic institutions has tabulated time-dependent numerical solutions and levelized cost results of two popular closed loop heat exchanger designs (u-tube and co-axial). The heat exchanger designs were evaluated for two working fluids (water and super-critical CO2) while varying seven continuous independent parameters of interest (i.e., mass flow rate, vertical depth, horizontal extent, borehole diameter, formation gradient, formation conductivity, and injection temperature). The corresponding numerical solutions (approximately 1.2 million per heat exchanger design) are stored as multi-dimensional HDF5 datasets and can be queried at off-grid points using multi-dimensional linear interpolation. A Python script was developed to query this database and estimate time-dependent electricity generation using an Organic Rankine cycle (for water) or direct turbine expansion cycle (for CO2) and perform a cost assessment. This document aims to give an overview of the HDF5 database file and highlights how to read, visualize, and query quantities of interest (e.g., levelized cost of electricity, levelized cost of heat) using the accompanying python scripts. Details regarding the capital, operation, and maintenance and levelized cost calculation using the TEA (techno-economic analysis) script are provided.

co-axial↗
DOE OSTI2020

Offshore Wind in the US Gulf of Mexico: Regional Economic Modeling and Site-Specific Analyses

The goal of this study is to assess offshore wind energy resources in the Gulf of Mexico (GOM) and to quantify its technical and economic potential in order to inform Federal and GOM state strategic energy planning over the next decade. The objectives are to: describe site-specific and regional benefits and challenges of deploying offshore wind in the GOM and discuss the current research to mitigate challenges; review and quantify the wind resource capacity and energy potential in the GOM region for each GOM state including state and federal waters, distance from shore, and water depth; perform geospatial regional economic assessments of levelized cost of energy (LCOE), levelized avoided cost of energy (LACE), and net value (Section 3.4.2); evaluate three representative hypothetical locations for site-specific analysis; perform a high-level assessment of local supporting infrastructure availability, including existing services (e.g., fabrication facilities, vessels, ports) and possible grid connection options; assess the regional economic impacts of a 600 megawatt (MW) offshore wind power plant installed at a representative site in the GOM.

17 WIND ENERGY↗
NASA NTRS1989

An economic model for evaluating high-speed aircraft designs

A Class 1 method for determining whether further development of a new aircraft design is desirable from all viewpoints is presented. For the manufacturer the model gives an estimate of the total cost of research and development from the preliminary design to the first production aircraft. Using Wright's law of production, one can derive the average cost per aircraft produced for a given break-even number. The model will also provide the airline with a good estimate of the direct and indirect operating costs. From the viewpoint of the passenger, the model proposes a tradeoff between ticket price and cruise speed. Finally all of these viewpoints are combined in a Comparative Aircraft Seat-kilometer Economic Index.

Vandervelden, Alexander J. M.↗
NASA NTRS2010

Habitat Size Optimization of the O'Neill - Glaser Economic Model for Space Solar Satellite Production

Creating large space habitats by launching all materials from Earth is prohibitively expensive. Using space resources and space based labor to build space solar power satellites can yield extraordinary profits after a few decades. The economic viability of this program depends on the use of space resources and space labor. To maximize the return on the investment, the early use of high density bolo habitats is required. Other shapes do not allow for the small initial scale required for a quick population increase in space. This study found that 5 Man Year, or 384 person bolo high density habitats will be the most economically feasible for a program started at year 2010 and will cause a profit by year 24 of the program, put over 45,000 people into space, and create a large system of space infrastructure for the further exploration and development of space.

Curreri, Peter A.↗
DOE OSTI2019

Combining anaerobic digestion and hydrothermal liquefaction in the conversion of dairy waste into energy: A techno economic model for New York state

There is increasing global interest and policies being enacted to lower greenhouse gas emissions, especially from the agricultural sector. In the U.S. for example, states with large dairy operations may combine proven manure valorization technologies, such as anaerobic digestion and hydrothermal liquefaction. Sustainable manure treatment would increase the recovery of energy and other useful co-products, namely biogas, biocrude oil and hydro-char as well as lower the environmental impacts. In this study, the economic feasibility of implementing a centralized bioenergy system in New York State was investigated. Here, the feasibility of this transformation depends on many factors, including capital costs, discount rates, and other financing arrangements, electricity selling prices, incentives and farm sizes and locations. For a large-scale implementation in New York State accounting for nearly 50% of the state’s dairy farms, our model of a distributed, hybrid anaerobic/hydrothermal system was shown to treat 590 million liters of wet manure per day, producing 607 million kWh of electricity, 162,000 L of biocrude oil and 117,000 kg of hydro-char per day. Electricity selling price is a critical factor. Increasing the electricity selling price from wholesale ($\$0.06$ /kWh) to retail ($\$0.18$ kWh) increased the net present value from $\$395$ million to $1.5 billion (considering a 40-year project lifetime).

42 ENGINEERING↗
NASA NTRS2015

An Integrated Economics Model for ISRU in Support of a Mars Colony - Initial Status Report

The aim of this effort is to develop an integrated set of risk-based financial and technical models to evaluate multiple Off-Earth Mining (OEM) scenarios. This quantitative, scenario- and simulation-based tool will help identify combinations of market variables, technical parameters, and policy levers that will enable the expansion of the global economy into the solar system and return economic benefits. Human ventures in space are entering a new phase in which missions formerly driven by government agencies are now being replaced by those led by commercial enterprises - in launch, satellite deployment, resupply of the International Space Station, and space tourism. In the not-too-distant future, commercial opportunities will also include the mining of asteroids, the Moon, and Mars. This investigation will examine the role of OEM in a growing space economy. (In this investigation, the term 'mining' is taken to embrace minerals, ice/water, and other in situ resources.) OEM can be the engine that drives the space economy, so it would be useful to understand what OEM market conditions and technology requirements are needed for that economy to prosper. These specific elements will be studied in the wider context of creating an economy that could ultimately support a sustainable Mars Colony. Such a colony will need in situ resources not only for its own survival, but to prosper and grow, it must create viable business ventures, essentially by fulfilling the demand for in situ resources from and on Mars. This investigation will focus on understanding the role and economic prospect for OEM associated with the Human Colonization of Mars (HCM).

architecture framework↗