Ontology-based economic models for bioenergy and biofuel projects

Sapkota, K. and Raju, P. and Byrne, W. and Chapman, C. (2015) Ontology-based economic models for bioenergy and biofuel projects. In: 9th IEEE International Conference on Semantic Computing, IEEE ICSC 2015, 7 February 2015 through 9 February 2015, Anaheim; United States.

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Bioenergy is a renewable energy generated from biomass, while biofuel is a hydrocarbon fuel that is produced from biomass. Recently, bioenergy and biofuel projects are encouraged and supported by many governments and organizations in various ways such as providing incentives, technical supports, information, and decision support tools. Economic model is one of the decision support tools, which helps to estimate the costs and earnings involved in a project. It is constructed with various elements such as concepts, relations, logics, constants and equations. In current economic models, all the elements are hard coded into some programming code, which makes the model less reusable and extendable. To address the issue, we present an ontology-based economic model in this paper. In particular, we have leveraged the Semantic Web technologies to represent the knowledge about the bioenergy and biofuel economics and inferred the equations and other values required for economic calculations. The case study has been carried out in two of the INTERREG Projects and found promising results. © 2015 IEEE.

Item Type: Conference or Workshop Item (Paper)
Identification Number: https://doi.org/10.1109/ICOSC.2015.7050839
26 February 2015Published
Uncontrolled Keywords: bCHP, bioenergy, bioenergy ontology, biomass, CHP, combined heat and power, economic model, ontology-based economic model, semantic economic model, Biofuels, Computation theory, Decision support systems, Economics, Knowledge management, Ontology, Semantic Web, bCHP, Bio-energy, CHP, Combined heat and power, Economic modeling, Biomass
Subjects: CAH10 - engineering and technology > CAH10-01 - engineering > CAH10-01-09 - chemical, process and energy engineering
Divisions: Faculty of Computing, Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > College of Computing
Faculty of Computing, Engineering and the Built Environment > College of Engineering
Depositing User: Hussen Farooq
Date Deposited: 18 Jul 2016 08:23
Last Modified: 20 Jun 2024 11:51
URI: https://www.open-access.bcu.ac.uk/id/eprint/1525

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