Abstract
The development and growth of human beings are highly depended on energy consumption. Nowadays, the sustainable development of human beings calls for precisely speculation of energy prices and efficiency. However, the traditional methods of measuring energy price and efficiency, for instance, the EROI (energy return on investment) model unable to define system boundaries and to calculate labor and physical costs. Thus, these methods may ignore as much as 50% of input energy consumption. Energy efficiency could be calculated by the ratio of average energy input cost to the average useable energy output cost while energy price could be measured by the ratio of the monetary input to the output. The principle above could be viewed as a check for energy return on investment as well as an elimination for a redundant process analysis. The results give us a chance to innovate traditional energy efficiency model by social and environmental factors which could be depicted through monetary terms.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
