Energy trade market effect on production scheduling: an Industrial Product-Service System (IPSS) approach

Abstract

ABSTRACT The demand response monitoring is one key energy-efficient production technique and can reduce costs contributing simultaneously to the reduction of environmental emissions and maintaining the stability of electrical grids following the policies examined from European and International organizations. Although, energy trade market effect has been investigated in the literature, the novelty of this research work lies in the design and development of an Industrial Product Service System (IPSS) business model, aiming to the collaboration between Energy Sales Companies (ESC) and manufacturing companies. ESC through an energy-demand management tool, supported by data acquisition devices connected to the Cloud, calculates and signals energy price forecasts to the manufacturers. Moreover, an adaptive production scheduling approach considering the power usage of manufacturers in response to time-varying energy prices is presented. Particularly, an intelligent algorithm is applied for the generation and examination of multi-criteria alternative assignment scenarios and an evaluation of each planning scenario against a set of user-defined criteria is made for the identification of the most efficient ones. The proposed approach is validated in an industrial case study using production and energy-consumption data from a mold making industry. The results indicate potential savings for the industrial consumer finding both actors to mutually benefit.