Modelling and optimization of energy systems
ME-454
4. Estimating the investment
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Description
This module addresses the calculation of capex (annulization), opex and total cost in an energy system
At the end of this module, you should be able to define:
- define the operating costs of a system
- estimate the cost of equipments, installed cost, purchase cost, annualization
- linearize investment cost
- calculate the environmental impact (Life Cycle Assessment)
- suggest energy technology options for a given system
More details are provided in Lecture notes (Chapter 6)