TY - JOUR
T1 - Multi-objective optimization of CCUS supply chains for European countries with higher carbon dioxide emissions
AU - Leonzio, Grazia
AU - Foscolo, Pier Ugo
AU - Zondervan, Edwin
N1 - Funding Information:
Research funding: Grazia Leonzio would like to thank the University of L’Aquila and the University of Bremen (MAPEX grant) for funding this work.
Publisher Copyright:
© 2021 Walter de Gruyter GmbH, Berlin/Boston.
PY - 2021/5/3
Y1 - 2021/5/3
N2 - This research work wants to overcome the gap present in the literature, reformulating our single optimization problems of a CCUS supply chain for Germany, Italy and the UK (European countries with higher carbon dioxide emissions) as bi-objective problems. The amount of captured carbon dioxide is maximized while total costs are minimized at the same time. Results show that, for solving this problem, the augmented ϵ-constraint method is more efficient than the traditional ϵ-constraint method, and the respective Pareto fronts with environmentally and economically efficient solutions are obtained. These plots are utilized to suggest scenarios for a decision maker, considering only the total costs objective function (the scenario with the minimum value of net total cost is selected) or both objective functions (the scenario with the shortest distance from the Utopia point is chosen). In the second option, the CCUS supply chain of Germany is that closest to the ideal conditions, even if the system has the highest costs.
AB - This research work wants to overcome the gap present in the literature, reformulating our single optimization problems of a CCUS supply chain for Germany, Italy and the UK (European countries with higher carbon dioxide emissions) as bi-objective problems. The amount of captured carbon dioxide is maximized while total costs are minimized at the same time. Results show that, for solving this problem, the augmented ϵ-constraint method is more efficient than the traditional ϵ-constraint method, and the respective Pareto fronts with environmentally and economically efficient solutions are obtained. These plots are utilized to suggest scenarios for a decision maker, considering only the total costs objective function (the scenario with the minimum value of net total cost is selected) or both objective functions (the scenario with the shortest distance from the Utopia point is chosen). In the second option, the CCUS supply chain of Germany is that closest to the ideal conditions, even if the system has the highest costs.
KW - Carbon dioxide emissions reduction
KW - CCUS supply chain
KW - Multi objective optimization
KW - Pareto optimal solutions
KW - Mathematical model
KW - NLA
UR - http://www.scopus.com/inward/record.url?scp=85106359387&partnerID=8YFLogxK
U2 - 10.1515/psr-2020-0055
DO - 10.1515/psr-2020-0055
M3 - Article
AN - SCOPUS:85106359387
SN - 2365-659X
JO - Physical Sciences Reviews
JF - Physical Sciences Reviews
M1 - 2020-0055
ER -