www.khabarexpress.com : The news portal of North India
www.khabarexpress.com
Exam Results: B.Sc. Part I (new) | M.A. (P) Sanskrit (new) | PG Dip. in Legal & For. Sc. (new) | PGDLL (new) | PGDCL (new) | M.Sc. (P) PHARMA.CHEM. (new) |
Get Result Alert on your mobile, SMS JOIN khabarexpress to 567678.
Education Special

Education Directory
Exam Results
Who is Who

Article
Tutorial
Information
Quote

Can't see Hindi ?
Welcome Guest Sign In  New user! Sign Up Now | My Favourites (new)
Search Photo  
RSS Feed
05 July 2008
Forum | Wallpapers | Photo Gallery | Business | Entertainment | Education | Sports | Article | City |
Free News on your website


Profit-boosting approach can save energy too, says Indian scientist

16 May 2008, 1254 Hrs
Add comment          Mail          Print          Write to Editor

Writers, Columnist, Cartoonist, Photo-Journalist Invited to send their Contributions

Washington, May 16 (ANI): A profit-boosting business practice can be used to help turn companies green by reducing their energy use, says a team led by mechanical engineer Prabhakar Kaushik of NC College of Engineering in Haryana, India.

According to the scientists, energy conservation should be at the forefront of company efforts.

In a global economy with environmental pressures high on the agenda, organizations are under increasing pressure to control costs, maintain high levels of safety and quality, and save energy.

Energy conservation, of course, offers the parallel advantages of helping to reduce costs, improving efficiency, as well as reducing the carbon footprint.

Kaushik's team has now turned to the principles of Six Sigma methodology to help demonstrate how organizations might improve their energy profile.

Six sigma is a strategy originally used by Motorola to improve their business practices. It involves seeking out and eradicating the causes of defects and errors using quality management and statistics. Today, countless companies in many different sectors use Six Sigma to improve their bottom line.

The researchers tested their approach on the operations of a thermal power plant with the aim of conserving energy rather than simply boosting profits.

They point out that demineralized (DM) water in these plants is one of the expensive input materials. It has been found that 0.1 percent increase in DM make up water consumption increases the generation cost by approximately 0.2 million dollar per annum. Demineralized water, however, is "critical to quality" and so its use cannot be circumvented.

Project recommendations from a Six Sigma study demonstrated that the overall costs of using demineralized water could be cut significantly. The study points to detection and repair of faults associated with steam and water analysis systems, problem valves, vacuum pump overflow, and other issues.

The researchers explain that the energy savings are equivalent to a fiscal cost of more than three quarters of a million dollars each year at today's prices.

The consumption of demineralized water is just one example of energy conservation measures that could be implemented using the Six Sigma approach, the researchers add.

They point out that given that India is set to commission dozens of new thermal power plants in coming years, the total energy savings with respect to this particular factor could be enormous.

The study is published in the International Journal of Six Sigma and Competitive Advantage (IJSSCA). (ANI)



Discuss this story on KhabarExpress Forum  

More News:

Comments to this News
Be the first to comment on this News

 
Post Your Comments to this News
 Posting Rules
Name: Email:

Top Story of The Day
Latest Articles
Bharat Bandh - Nandlal Vyas and BJP Worker

Back to home


Education Special

All right reserved by Khabarexpress.com
Contact Us | Archives | Sitemap

Special Edition
:
Lakshchandi Mahayagya, Camel Festival 2007, Vartmaan Sahitya, Bikaner Udyog Craft Mela