Navigation Links
Adding up business and energy
Date:5/15/2008

Could a business practice usually reserved for boosting profits be used to help turn companies green by reducing their energy use? Writing in the International Journal of Six Sigma and Competitive Advantage (IJSSCA), researchers in India provide an answer.

According to mechanical engineer Prabhakar Kaushik of NC College of Engineering in Haryana, India, and colleagues, energy conservation should be at the forefront of company efforts. In a global economy with environmental pressures high on the agenda, organizations are under increasing pressure to control costs, maintain high levels of safety and quality, and save energy. Energy conservation, of course, offers the parallel advantages of helping to reduce costs, improving efficiency, as well as reducing the carbon footprint.

Kaushik's team has now turned to the principles of Six Sigma methodology to help demonstrate how organizations might improve their energy profile. Six sigma is a strategy originally used by Motorola to improve their business practices. It involves seeking out and eradicating the causes of defects and errors using quality management and statistics. Today, countless companies in many different sectors use Six Sigma to improve their bottom line.

The researchers tested their approach on the operations of a thermal power plant with the aim of conserving energy rather than simply boosting profits. They point out that demineralized (DM) water in these plants is one of the expensive input materials. It has been found that 0.1 percent increase in DM make up water consumption increases the generation cost by approximately 0.2 million dollar per annum. Demineralized water, however, is "critical to quality" and so its use cannot be circumvented.

Project recommendations from a Six Sigma study demonstrated that the overall costs of using demineralized water could be cut significantly. The study points to detection and repair of faults associated with steam and water analysis systems, problem valves, vacuum pump overflow, and other issues. The researchers explain that the energy savings are equivalent to a fiscal cost of more than three quarters of a million dollars each year at today's prices.

The consumption of demineralized water is just one example of energy conservation measures that could be implemented using the Six Sigma approach, the researchers add. They point out that given that India is set to commission dozens of new thermal power plants in coming years, the total energy savings with respect to this particular factor could be enormous.


'/>"/>

Contact: Parbhakar Kaushik
parbhakarkaushik@yahoo.com
Inderscience Publishers
Source:Eurekalert

Related biology news :

1. Agricultural soil erosion is not adding to global warming
2. Entrust Continues Leadership by Adding Support for Next-generation E-Passports
3. Student study bolsters case for adding a rare sunflower to the endangered species list
4. Student study bolsters case for adding a rare sunflower to the endangered species list
5. Adding up renewable energy
6. Programmed death boosts business
7. IEEE Homeland Security Conference Business Panel to feature experts on technology commercialization
8. Measurement Specialties, Inc. Announces Impact of German Business Tax Reform 2008 Resulting in Lower Combined German Tax Rate - Impacts 2Q08 Reported Financial Results
9. Meeting real-world climate information needs of business, government
10. Scientists aim to boost world energy supplies -- with microbes!
11. UTSA hosts North American Energy Summit May 1-2
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/15/2016)... Dec. 14, 2016 "Increase in mobile transactions ... The mobile biometrics market is expected to grow from ... by 2022, at a CAGR of 29.3% between 2016 ... as the growing demand for smart devices, government initiatives, ... "Software component is expected to grow at a ...
(Date:12/8/2016)... 8, 2016 Market Research Future published a half cooked ... Mobile Biometric Security and Service Market is expected to grow over ... Market Highlights: ... Mobile Biometric Security and Service ... increasing need of authentication and security from unwanted cyber threats. The ...
(Date:12/7/2016)... 7, 2016 According to a new market research report ... (Facial Expression, Voice Recognition), Service, Application Area, End User, And Region - Global ... from USD 6.72 Billion in 2016 to USD 36.07 Billion by 2021, at ... Continue Reading ... MarketsandMarkets Logo ...
Breaking Biology News(10 mins):
(Date:1/19/2017)... Ca (PRWEB) , ... January 18, 2017 , ... ... events for tech innovators, engineers, and scientists from around the world, was today ... News. The awards program is based entirely on merit and decided upon by ...
(Date:1/19/2017)... , ... January 19, 2017 , ... ... with services spanning the full spectrum of drug and device development, and ... to pharma/device companies and clinicians, today announced Verified Clinical Trials (VCT) ...
(Date:1/19/2017)... -- Northwest Biotherapeutics, Inc. (OTCQB: NWBO) ("NW Bio"), a U.S. ... and inoperable solid tumor cancers, announced today that Dr. ... Bio, will present at the Phacilitate Immunotherapy World Conference ... Hotel in Miami, Florida . ... Therapeutic Approaches – Expanding the Reach of Cancer Immunotherapy ...
(Date:1/19/2017)... LAKES, N.J. , Jan. 18, 2017 BD (Becton, ... technology company, announced today that it will host a live webcast ... at 1 p.m. (ET). The webcast can be ... be available for replay through Tuesday, January 31, 2017. ... About BD BD ...
Breaking Biology Technology: