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:3/11/2016)... --> --> ... Recognition Market by Technology (Pattern Recognition), by Component (Hardware, ... Type (On-Premises and Cloud), by Industry Vertical and by ... the global market is expected to grow from USD ... 2020, at a CAGR of 19.1%. , ...
(Date:3/9/2016)... , March 9, 2016 ... identified that more than 23,000 public service employees either ... been receiving their salary unlawfully.    --> ... government identified that more than 23,000 public service employees ... had been receiving their salary unlawfully.    --> ...
(Date:3/3/2016)...  2016FLEX, organized by FlexTech, a SEMI Strategic ... flexible, hybrid and printed electronics. More than 650 ... gathered for short courses, technical session, exhibits, and ... Flex Conference celebrates its 15 th anniversary ... and universities contributing to the adoption of flexible ...
Breaking Biology News(10 mins):
(Date:4/28/2016)... ... April 28, 2016 , ... ... for Connecticut's innovative, growing companies, today announced the launch of VentureClash , ... (fintech) companies. , “VentureClash looks to attract the best early-stage companies ...
(Date:4/27/2016)... Boston (PRWEB) , ... April 27, 2016 , ... ... driven by semantic web technology, today announced that it has been named to The ... life sciences, financial services and other markets, Cambridge Semantics serves the needs of end ...
(Date:4/27/2016)... British Columbia , April 27, 2016 /PRNewswire/ ... oder "NanoStruck") (CSE: NSK) (OTCPink: NSKQB) ( ... im Anschluss an ihre Pressemitteilung vom 13. August ... erhalten hat, ihre Finanzen um zusätzliche 200.000.000 Einheiten ... 4.000.000 Kanadische Dollar zu bringen. Davon wurden 157.900.000 ...
(Date:4/27/2016)... ... April 27, 2016 , ... ... its Scientific Advisory Board. Dr. Lamka will assist PathSensors in expanding the use ... , PathSensors deploys the CANARY® test platform for the detection of harmful pathogens, ...
Breaking Biology Technology: