Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex

To achieve cleaner production in palm oil mills (POM), eliminating palm oil mill effluent (POME) via evaporation provides promising benefits towards palm oil sustainability. The incorporation of POME evaporation creates circular economy opportunities between mill, refinery and cogeneration system vi...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Yue Dian Tan, Jeng Shiun Lim, Sharifah Rafidah Wan Alwi
Formato:	article
Lenguaje:	EN
Publicado:	AIDIC Servizi S.r.l. 2021
Materias:	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895
Acceso en línea:	https://doaj.org/article/3aaf8dd8dd784f16a8e525ebbc5c59ad
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:3aaf8dd8dd784f16a8e525ebbc5c59ad
record_format	dspace
spelling	oai:doaj.org-article:3aaf8dd8dd784f16a8e525ebbc5c59ad2021-11-15T21:48:25ZCooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex10.3303/CET21880682283-9216https://doaj.org/article/3aaf8dd8dd784f16a8e525ebbc5c59ad2021-11-01T00:00:00Zhttps://www.cetjournal.it/index.php/cet/article/view/11861https://doaj.org/toc/2283-9216To achieve cleaner production in palm oil mills (POM), eliminating palm oil mill effluent (POME) via evaporation provides promising benefits towards palm oil sustainability. The incorporation of POME evaporation creates circular economy opportunities between mill, refinery and cogeneration system via converting mill-refinery effluent to oil recovered-solids and regenerated water, broadening biomass-to-energy potential to support energy-extensive evaporation and water integrations. Such industrial symbiosis scheme named as the integrated palm oil-based complex (POBC) could consider participation from different companies to provide desired processing facilities in achieving the optimal performance of POBC. For the new POBC scheme, the individual interest for each participating facility is hard to define due to the lack of basis for profit distribution. It is crucial to propose an optimal business model for POBC planning to demonstrate the financial allocation among possible partners based on the pooled incremental gains in the POBC coalition. The business model serves as a tool to persuade the companies in collaborating by quantifying their potential economic benefits and contributions for negotiation before forming the POBC. The cooperative game theory model has been useful in distributing cost savings within a coalition of individual plants. On that account, an integrated cooperative game-based optimisation approach is proposed to optimally distribute the profit gain and investment sharing between POM, palm oil refinery and biomass-cogeneration system to develop a feasible business model for a multi-owner POBC. Seven scenarios have been evaluated to generate optimal multi-owner POBC business models achieving 7-13 % improvements in economic potential. The average economic allocations of collaborating POM, refinery and cogeneration system are 91.8 %, 2.4 % and 5.8 % in the multi-owner POBCs.Yue Dian TanJeng Shiun LimSharifah Rafidah Wan AlwiAIDIC Servizi S.r.l.articleChemical engineeringTP155-156Computer engineering. Computer hardwareTK7885-7895ENChemical Engineering Transactions, Vol 88 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895
spellingShingle	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895 Yue Dian Tan Jeng Shiun Lim Sharifah Rafidah Wan Alwi Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex
description	To achieve cleaner production in palm oil mills (POM), eliminating palm oil mill effluent (POME) via evaporation provides promising benefits towards palm oil sustainability. The incorporation of POME evaporation creates circular economy opportunities between mill, refinery and cogeneration system via converting mill-refinery effluent to oil recovered-solids and regenerated water, broadening biomass-to-energy potential to support energy-extensive evaporation and water integrations. Such industrial symbiosis scheme named as the integrated palm oil-based complex (POBC) could consider participation from different companies to provide desired processing facilities in achieving the optimal performance of POBC. For the new POBC scheme, the individual interest for each participating facility is hard to define due to the lack of basis for profit distribution. It is crucial to propose an optimal business model for POBC planning to demonstrate the financial allocation among possible partners based on the pooled incremental gains in the POBC coalition. The business model serves as a tool to persuade the companies in collaborating by quantifying their potential economic benefits and contributions for negotiation before forming the POBC. The cooperative game theory model has been useful in distributing cost savings within a coalition of individual plants. On that account, an integrated cooperative game-based optimisation approach is proposed to optimally distribute the profit gain and investment sharing between POM, palm oil refinery and biomass-cogeneration system to develop a feasible business model for a multi-owner POBC. Seven scenarios have been evaluated to generate optimal multi-owner POBC business models achieving 7-13 % improvements in economic potential. The average economic allocations of collaborating POM, refinery and cogeneration system are 91.8 %, 2.4 % and 5.8 % in the multi-owner POBCs.
format	article
author	Yue Dian Tan Jeng Shiun Lim Sharifah Rafidah Wan Alwi
author_facet	Yue Dian Tan Jeng Shiun Lim Sharifah Rafidah Wan Alwi
author_sort	Yue Dian Tan
title	Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex
title_short	Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex
title_full	Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex
title_fullStr	Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex
title_full_unstemmed	Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex
title_sort	cooperative game-based business model optimisation for a multi-owner integrated palm oil-based complex
publisher	AIDIC Servizi S.r.l.
publishDate	2021
url	https://doaj.org/article/3aaf8dd8dd784f16a8e525ebbc5c59ad
work_keys_str_mv	AT yuediantan cooperativegamebasedbusinessmodeloptimisationforamultiownerintegratedpalmoilbasedcomplex AT jengshiunlim cooperativegamebasedbusinessmodeloptimisationforamultiownerintegratedpalmoilbasedcomplex AT sharifahrafidahwanalwi cooperativegamebasedbusinessmodeloptimisationforamultiownerintegratedpalmoilbasedcomplex
_version_	1718426778354057216

Cooperative Game-Based Business Model Optimisation for a Multi-Owner Integrated Palm Oil-Based Complex

Ejemplares similares