Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investment
A country can reduce its energy consumption significantly by encouraging more LED lighting usage. To encourage LED transition, more information showing the light bulb transition scheme with minimum cost is needed. We propose three possible transition schemes and provide a method to choose the most...
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| Format: | Article |
| Language: | English |
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Prince of Songkla University
2020-04-01
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| Series: | Songklanakarin Journal of Science and Technology (SJST) |
| Subjects: | |
| Online Access: | https://rdo.psu.ac.th/sjstweb/journal/42-2/12.pdf |
| _version_ | 1811223923391463424 |
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| author | Tanwa Arpornthip |
| author_facet | Tanwa Arpornthip |
| author_sort | Tanwa Arpornthip |
| collection | DOAJ |
| description | A country can reduce its energy consumption significantly by encouraging more LED lighting usage. To encourage LED
transition, more information showing the light bulb transition scheme with minimum cost is needed. We propose three possible
transition schemes and provide a method to choose the most profitable one in a specific market condition. The total cost of each
scheme is calculated as the sum of the electricity payment incurred during the transition, the capital cost needed to purchase LED
light bulbs, and the business loss from discarding unexpired conventional light. The utility of our analysis is shown by applying it
to two markets: Bahrain and Thailand. The two markets are chosen because of the large difference in electricity rates. Our analysis
shows that market conditions select the most profitable transition scheme. With our analysis, a consumer can choose the most
profitable scheme that responds to changing market conditions and consumers’ needs. |
| first_indexed | 2024-04-12T08:41:52Z |
| format | Article |
| id | doaj.art-9190614d5c3a42bd8b0eaa180a7ef825 |
| institution | Directory Open Access Journal |
| issn | 0125-3395 |
| language | English |
| last_indexed | 2024-04-12T08:41:52Z |
| publishDate | 2020-04-01 |
| publisher | Prince of Songkla University |
| record_format | Article |
| series | Songklanakarin Journal of Science and Technology (SJST) |
| spelling | doaj.art-9190614d5c3a42bd8b0eaa180a7ef8252022-12-22T03:39:52ZengPrince of Songkla UniversitySongklanakarin Journal of Science and Technology (SJST)0125-33952020-04-0142232933810.14456/sjst-psu.2020.43Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investmentTanwa Arpornthip0Andaman Environment and Natural Disaster Research Center (ANED), Faculty of Technology and Environment, Prince of Songkla University, Phuket Campus, Kathu, Phuket, 83120 ThaiA country can reduce its energy consumption significantly by encouraging more LED lighting usage. To encourage LED transition, more information showing the light bulb transition scheme with minimum cost is needed. We propose three possible transition schemes and provide a method to choose the most profitable one in a specific market condition. The total cost of each scheme is calculated as the sum of the electricity payment incurred during the transition, the capital cost needed to purchase LED light bulbs, and the business loss from discarding unexpired conventional light. The utility of our analysis is shown by applying it to two markets: Bahrain and Thailand. The two markets are chosen because of the large difference in electricity rates. Our analysis shows that market conditions select the most profitable transition scheme. With our analysis, a consumer can choose the most profitable scheme that responds to changing market conditions and consumers’ needs.https://rdo.psu.ac.th/sjstweb/journal/42-2/12.pdfdecision makingled technology adoptionenergy conservationprofitabilitysustainable energy consumption |
| spellingShingle | Tanwa Arpornthip Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investment Songklanakarin Journal of Science and Technology (SJST) decision making led technology adoption energy conservation profitability sustainable energy consumption |
| title | Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investment |
| title_full | Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investment |
| title_fullStr | Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investment |
| title_full_unstemmed | Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investment |
| title_short | Different schemes for replacing conventional light bulbs with LED bulbs for greatest return on investment |
| title_sort | different schemes for replacing conventional light bulbs with led bulbs for greatest return on investment |
| topic | decision making led technology adoption energy conservation profitability sustainable energy consumption |
| url | https://rdo.psu.ac.th/sjstweb/journal/42-2/12.pdf |
| work_keys_str_mv | AT tanwaarpornthip differentschemesforreplacingconventionallightbulbswithledbulbsforgreatestreturnoninvestment |