Economic Feasibility for Sustainability

Dear Colleagues,

An economic feasibility study for sustainability evaluates the potential impact of the system and aims to uncover the strengths and weaknesses of an existing or proposed project. Therefore, it must be conducted with an objective approach to provide information upon which decisions can be based. In its simplest terms, the two criteria to judge feasibility are cost required and value to be attained. A well-designed feasibility study should provide a historical background of the project, details of the operations and management, marketing research and policies, financial data, legal requirements, and tax obligations. The results of the economic feasibility study could be used to analyse or further develop feasibility studies of systems at other locations that share similar climatic characteristics and economic factors.

The most common economic feasibility parameters in the study may include:

• payback period (PB)
• net present value (NPV)
• internal rate of return (IRR)
• simple cash flow (SCF)
• profitable index (PI)

This Special Issue will focus on the environmental and economic benefits of sustainable energy, system design, management, or strategies, which include:

• sustainable management;
• LEED certified structures;
• environmental efficiency;
• sustainable materials (reuse and recycling);
• sustainable transportation system;
• renewable energy;
• smart cities;
• sustainable construction;
• resilient design.

References:

Lee, Jongsung & Chang, Byungik & Aktas, Can & Gorthala, Ravi, 2016. "Economic feasibility of campus-wide photovoltaic systems in New England," Renewable Energy, Elsevier, vol. 99(C), pages 452-464.

Prof. Dr. Byungik Chang
Guest Editor

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