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Different schemes for replacing conventional light bulbswith LED bulbs for greatest return on investment |
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| รหัสดีโอไอ | |
| Creator | Tanwa Arpornthip |
| Title | Different schemes for replacing conventional light bulbswith LED bulbs for greatest return on investment |
| Publisher | Research and Development Office, Prince of Songkla University |
| Publication Year | 2563 |
| Journal Title | Songklanakarin Journal of Science and Technology |
| Journal Vol. | 42 |
| Journal No. | 2 |
| Page no. | 329-338 |
| Keyword | decision making, LED technology adoption, energy conservation, profitability, sustainable energy consumption |
| URL Website | https://rdo.psu.ac.th/sjstweb/index.php |
| ISSN | 0125-3395 |
| Abstract | A country can reduce its energy consumption significantly by encouraging more LED lighting usage. To encourage LEDtransition, more information showing the light bulb transition scheme with minimum cost is needed. We propose three possibletransition schemes and provide a method to choose the most profitable one in a specific market condition. The total cost of eachscheme is calculated as the sum of the electricity payment incurred during the transition, the capital cost needed to purchase LEDlight bulbs, and the business loss from discarding unexpired conventional light. The utility of our analysis is shown by applying itto two markets: Bahrain and Thailand. The two markets are chosen because of the large difference in electricity rates. Our analysisshows that market conditions select the most profitable transition scheme. With our analysis, a consumer can choose the mostprofitable scheme that responds to changing market conditions and consumers' needs. |
