1. bookVolume 3 (2020): Issue 1 (August 2020)
Journal Details
License
Format
Journal
First Published
30 Sep 2018
Publication timeframe
1 time per year
Languages
English
access type Open Access

Benefits of Installing a Photovoltaic Power-Generation System for a Warehouse Facility

Published Online: 10 Aug 2020
Page range: 332 - 346
Received: 01 Feb 2020
Accepted: 01 Mar 2020
Journal Details
License
Format
Journal
First Published
30 Sep 2018
Publication timeframe
1 time per year
Languages
English
Abstract

Sustainability and eco-friendliness of the chain of supply is a subject of interest among many researchers. New eco-friendly solutions are being implemented in production, storage, and transportation of the entire chain of supply. This study focuses on pro-environmental solutions related to warehouse management. The publication describes a project of installing a solar photovoltaic (PV) system to generate electric power at the H&W Warehouse in New Brunswick, New Jersey. The purpose of this publication is to demonstrate the financial and environmental benefits of using sustainable forms of energy. The environmental benefits were calculated from the perspective of lowering the amount of carbon dioxide (CO2) released into the atmosphere. The financial benefits were determined by calculating the net present value (NPV), internal rate of return (IRR) and profitability index (PI) as well as regular and discounted payback. A computer simulation was being used as the research method. Calculations included in the publication have proven that the project being considered is beneficial from the financial and environmental perspectives.

Keywords

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