Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix

Population growth and economic development contribute to the rise in the demand for electricity. To meet the demand, electricity generation has been relying on fossil fuels. This practice has three major drawbacks: inevitable resource depletion, environmental concerns, and supply risk. Renewable fue...

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Main Author:	Muhammad Mutasim Billah, Tufail
Format:	Thesis
Language:	eng eng eng
Published:	2018
Subjects:	T Technology (General)
Online Access:	https://etd.uum.edu.my/9467/1/s900554_01.pdf https://etd.uum.edu.my/9467/2/s900554_02.pdf https://etd.uum.edu.my/9467/3/s900554_references.docx
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id	my-uum-etd.9467
record_format	uketd_dc
spelling	my-uum-etd.94672022-06-07T01:09:04Z Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix 2018 Muhammad Mutasim Billah, Tufail School of Technology Management & Logistics School of Technology Management & Logistics T Technology (General) Population growth and economic development contribute to the rise in the demand for electricity. To meet the demand, electricity generation has been relying on fossil fuels. This practice has three major drawbacks: inevitable resource depletion, environmental concerns, and supply risk. Renewable fuels are touted to be the future of sustainable power generation. However, there is a need to assess and optimize the use of the available resource in an effective and efficient manner. In order to accomplish the desired objectives, this study adopted the multi-perspective approach for efficient utilization of resources, both in terms of cost and diversification, and also aimed to propose the optimum combination of technologies for electricity generation in Malaysia. In this regard, first, the potential of the resources was identified from the Malaysian prospective compliance with the five fuel energy action plan 2020. All the five fuels were examined in terms of economic, environmental and security parameters, and evaluated in the terms of cost to measure the total exposure in monetary units. For the economic analysis, the LCOE cost quantification method was used. Similarly for the restriction of carbon emission, a carbon-tax policy was proposed and a novel technique was designed for the quantification of excessive cost of security in the electricity generation industry. This study applied the simulation mathematical modelling and the graphical evaluation approach to optimize the power generation mix in terms of cost and diversity index. Hence, this study will assist the policy-makers in making efficient long-term policies considering the impact of various factors on total generation cost while adopting the concept of diversification for an efficient and uninterrupted power generation process. 2018 Thesis https://etd.uum.edu.my/9467/ https://etd.uum.edu.my/9467/1/s900554_01.pdf text eng public https://etd.uum.edu.my/9467/2/s900554_02.pdf text eng public https://etd.uum.edu.my/9467/3/s900554_references.docx text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
topic	T Technology (General)
spellingShingle	T Technology (General) Muhammad Mutasim Billah, Tufail Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix
description	Population growth and economic development contribute to the rise in the demand for electricity. To meet the demand, electricity generation has been relying on fossil fuels. This practice has three major drawbacks: inevitable resource depletion, environmental concerns, and supply risk. Renewable fuels are touted to be the future of sustainable power generation. However, there is a need to assess and optimize the use of the available resource in an effective and efficient manner. In order to accomplish the desired objectives, this study adopted the multi-perspective approach for efficient utilization of resources, both in terms of cost and diversification, and also aimed to propose the optimum combination of technologies for electricity generation in Malaysia. In this regard, first, the potential of the resources was identified from the Malaysian prospective compliance with the five fuel energy action plan 2020. All the five fuels were examined in terms of economic, environmental and security parameters, and evaluated in the terms of cost to measure the total exposure in monetary units. For the economic analysis, the LCOE cost quantification method was used. Similarly for the restriction of carbon emission, a carbon-tax policy was proposed and a novel technique was designed for the quantification of excessive cost of security in the electricity generation industry. This study applied the simulation mathematical modelling and the graphical evaluation approach to optimize the power generation mix in terms of cost and diversity index. Hence, this study will assist the policy-makers in making efficient long-term policies considering the impact of various factors on total generation cost while adopting the concept of diversification for an efficient and uninterrupted power generation process.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Muhammad Mutasim Billah, Tufail
author_facet	Muhammad Mutasim Billah, Tufail
author_sort	Muhammad Mutasim Billah, Tufail
title	Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix
title_short	Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix
title_full	Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix
title_fullStr	Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix
title_full_unstemmed	Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix
title_sort	sustainable resource availability by optimizing economic and environmental factors in malaysia’s power generation mix
granting_institution	Universiti Utara Malaysia
granting_department	School of Technology Management & Logistics
publishDate	2018
url	https://etd.uum.edu.my/9467/1/s900554_01.pdf https://etd.uum.edu.my/9467/2/s900554_02.pdf https://etd.uum.edu.my/9467/3/s900554_references.docx
_version_	1747828601766543360

Sustainable resource availability by optimizing economic and environmental factors in Malaysia’s power generation mix

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