NDLI: Impact of Gasoline and Natural Gas Prices on Capacity Planning for Automakers and Electricity Generators Under GHG Emission Constraints

Content Provider	The American Society of Mechanical Engineers (ASME) Digital Collection
Author	Chen, Boxiao Chao, Xiuli Fu, Yan Strumolo, Margaret Michael, A. Tamor
Copyright Year	2015
Abstract	Both automakers and electricity generators are facing increasingly more stringent greenhouse gas (GHG) emission targets. With the introduction of plug-in hybrid and electric vehicles, the transportation and electricity generation sectors become connected. This provides an opportunity for both sectors to work jointly to achieve cost efficient reduction of CO2 emissions. Due to the low cost and low carbon content of natural gas (NG), NG enabled vehicles are drawing increasing attention. With GHG targets rapidly decreasing, how to judiciously choose among plug-in hybrid vehicles, electric vehicles, NG-enabled vehicles, and gasoline vehicles to save societal cost is worth serious consideration. On the other hand, gasoline and NG prices play an important role in this decision-making process. In order to estimate the impact of gasoline and NG prices and quantify the benefit of the collaboration between automakers and electricity generators, an optimization model is developed to evaluate the total societal cost and CO2 emissions for both sectors. Various scenario analyses are conducted to understand the cost and capacity planning differences when gasoline and NG prices vary while the two sectors can work jointly or independently to meet the CO2 emission constraints. These results help us understand the impact of gasoline and NG prices in achieving GHG reduction targets for the two major sectors of CO2 emissions in the United States.
Sponsorship	Design Engineering Division Computers and Information in Engineering Division
File Format	PDF
ISBN	9780791857083
DOI	10.1115/DETC2015-46610
Volume Number	Volume 2B: 41st Design Automation Conference
Conference Proceedings	ASME 2015 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference
Language	English
Publisher Date	2015-08-02
Publisher Place	Boston, Massachusetts, USA
Access Restriction	Subscribed
Subject Keyword	Decision making Carbon dioxide Generators Hybrid electric vehicles Carbon Transportation systems Optimization Emissions Vehicles Electric power generation Gasoline Collaboration Industrial capacity Electric vehicles Natural gas
Content Type	Text
Resource Type	Article

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