Abstract
A program for Linear Energy Optimization (LEO) which was used to investigate thermodynamical and technical options of reducing the energy consumption of industrialized countries is extended to handle the cost associated with the realization of the calculated savings. We do vector optimization a) by parameterizing the cost function and b) by forming a scalarizing function from the individual objective functions. As a result, we are able to show the dependence of the possible energy savings on the energy price and determine the trade-off between energy conservation and cost.
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© 1991 Springer-Verlag Berlin Heidelberg
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Groscurth, HM., Kümmel, R. (1991). The Optimum Price of Energy: A Thermoeconomic Analysis. In: Gruber, J. (eds) Econometric Decision Models. Lecture Notes in Economics and Mathematical Systems, vol 366. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-51675-7_32
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DOI: https://doi.org/10.1007/978-3-642-51675-7_32
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-54373-2
Online ISBN: 978-3-642-51675-7
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