Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Acta scientiarum. Technology (Online) |
Texto Completo: | http://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/article/view/50965 |
Resumo: | The cost of electricity in hospitals represents a significant portion in its context of operating expenses. Therefore, it is important to constantly think about ways to reduce this cost without losing the quality and reliability required for hospital care activity. It is well known, that reducing electricity consumption has a direct impact on the effective management of hospital cash flow, so it is imperative to rationalize this resource. In this context, the objective of this paper focuses on analyzing the economic feasibility of purchasing and using a diesel generator to find the peak hour demand and verifying financial uncertainty by applying a Monte Carlo simulation approach to risk analysis. The target hospital of this research is located in southeastern of Brazil and it is part of a foundation that covers educational and assistance activities, serving the local population and thousands of patients during the year. Finally, the economic risk analysis applied through the Monte Carlo simulation found that the acquisition of the aforementioned diesel generator has a very high probability of viability. Therefore, it is verified that the investment is viable and attractive from the hospital's economic and operational point of view, while the Net Present Value remains positive, with the expected value of R$ 868,358.84, considering the risk and uncertainty analysis having an attractive internal returning rate of 78.76% per year. |
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Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospitalEconomic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospitalMonte Carlo simulation; economic risk analysis; diesel generator; net present value, health care.Monte Carlo simulation; economic risk analysis; diesel generator; net present value, health care.The cost of electricity in hospitals represents a significant portion in its context of operating expenses. Therefore, it is important to constantly think about ways to reduce this cost without losing the quality and reliability required for hospital care activity. It is well known, that reducing electricity consumption has a direct impact on the effective management of hospital cash flow, so it is imperative to rationalize this resource. In this context, the objective of this paper focuses on analyzing the economic feasibility of purchasing and using a diesel generator to find the peak hour demand and verifying financial uncertainty by applying a Monte Carlo simulation approach to risk analysis. The target hospital of this research is located in southeastern of Brazil and it is part of a foundation that covers educational and assistance activities, serving the local population and thousands of patients during the year. Finally, the economic risk analysis applied through the Monte Carlo simulation found that the acquisition of the aforementioned diesel generator has a very high probability of viability. Therefore, it is verified that the investment is viable and attractive from the hospital's economic and operational point of view, while the Net Present Value remains positive, with the expected value of R$ 868,358.84, considering the risk and uncertainty analysis having an attractive internal returning rate of 78.76% per year.The cost of electricity in hospitals represents a significant portion in its context of operating expenses. Therefore, it is important to constantly think about ways to reduce this cost without losing the quality and reliability required for hospital care activity. It is well known, that reducing electricity consumption has a direct impact on the effective management of hospital cash flow, so it is imperative to rationalize this resource. In this context, the objective of this paper focuses on analyzing the economic feasibility of purchasing and using a diesel generator to find the peak hour demand and verifying financial uncertainty by applying a Monte Carlo simulation approach to risk analysis. The target hospital of this research is located in southeastern of Brazil and it is part of a foundation that covers educational and assistance activities, serving the local population and thousands of patients during the year. Finally, the economic risk analysis applied through the Monte Carlo simulation found that the acquisition of the aforementioned diesel generator has a very high probability of viability. Therefore, it is verified that the investment is viable and attractive from the hospital's economic and operational point of view, while the Net Present Value remains positive, with the expected value of R$ 868,358.84, considering the risk and uncertainty analysis having an attractive internal returning rate of 78.76% per year.Universidade Estadual De Maringá2021-06-14info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/article/view/5096510.4025/actascitechnol.v43i1.50965Acta Scientiarum. Technology; Vol 43 (2021): Publicação contínua; e50965Acta Scientiarum. Technology; v. 43 (2021): Publicação contínua; e509651806-25631807-8664reponame:Acta scientiarum. Technology (Online)instname:Universidade Estadual de Maringá (UEM)instacron:UEMenghttp://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/article/view/50965/751375152294Copyright (c) 2021 Acta Scientiarum. Technologyhttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessVilela, Flávio Fraga Amaral, João Victor Soares doLeal, Gustavo dos Santos Oliveira, Gabriel Fernandes de Montevechi, José Arnaldo Barra Piedade, Diego Dobscha da Cruz2021-08-09T16:53:27Zoai:periodicos.uem.br/ojs:article/50965Revistahttps://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/indexPUBhttps://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/oai||actatech@uem.br1807-86641806-2563opendoar:2021-08-09T16:53:27Acta scientiarum. Technology (Online) - Universidade Estadual de Maringá (UEM)false |
dc.title.none.fl_str_mv |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital |
title |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital |
spellingShingle |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital Vilela, Flávio Fraga Monte Carlo simulation; economic risk analysis; diesel generator; net present value, health care. Monte Carlo simulation; economic risk analysis; diesel generator; net present value, health care. |
title_short |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital |
title_full |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital |
title_fullStr |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital |
title_full_unstemmed |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital |
title_sort |
Economic feasibility analysis for co-generation of power by diesel generator at peak time: Monte Carlo simulation approach in a hospital |
author |
Vilela, Flávio Fraga |
author_facet |
Vilela, Flávio Fraga Amaral, João Victor Soares do Leal, Gustavo dos Santos Oliveira, Gabriel Fernandes de Montevechi, José Arnaldo Barra Piedade, Diego Dobscha da Cruz |
author_role |
author |
author2 |
Amaral, João Victor Soares do Leal, Gustavo dos Santos Oliveira, Gabriel Fernandes de Montevechi, José Arnaldo Barra Piedade, Diego Dobscha da Cruz |
author2_role |
author author author author author |
dc.contributor.author.fl_str_mv |
Vilela, Flávio Fraga Amaral, João Victor Soares do Leal, Gustavo dos Santos Oliveira, Gabriel Fernandes de Montevechi, José Arnaldo Barra Piedade, Diego Dobscha da Cruz |
dc.subject.por.fl_str_mv |
Monte Carlo simulation; economic risk analysis; diesel generator; net present value, health care. Monte Carlo simulation; economic risk analysis; diesel generator; net present value, health care. |
topic |
Monte Carlo simulation; economic risk analysis; diesel generator; net present value, health care. Monte Carlo simulation; economic risk analysis; diesel generator; net present value, health care. |
description |
The cost of electricity in hospitals represents a significant portion in its context of operating expenses. Therefore, it is important to constantly think about ways to reduce this cost without losing the quality and reliability required for hospital care activity. It is well known, that reducing electricity consumption has a direct impact on the effective management of hospital cash flow, so it is imperative to rationalize this resource. In this context, the objective of this paper focuses on analyzing the economic feasibility of purchasing and using a diesel generator to find the peak hour demand and verifying financial uncertainty by applying a Monte Carlo simulation approach to risk analysis. The target hospital of this research is located in southeastern of Brazil and it is part of a foundation that covers educational and assistance activities, serving the local population and thousands of patients during the year. Finally, the economic risk analysis applied through the Monte Carlo simulation found that the acquisition of the aforementioned diesel generator has a very high probability of viability. Therefore, it is verified that the investment is viable and attractive from the hospital's economic and operational point of view, while the Net Present Value remains positive, with the expected value of R$ 868,358.84, considering the risk and uncertainty analysis having an attractive internal returning rate of 78.76% per year. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-06-14 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/article/view/50965 10.4025/actascitechnol.v43i1.50965 |
url |
http://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/article/view/50965 |
identifier_str_mv |
10.4025/actascitechnol.v43i1.50965 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
http://www.periodicos.uem.br/ojs/index.php/ActaSciTechnol/article/view/50965/751375152294 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2021 Acta Scientiarum. Technology http://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2021 Acta Scientiarum. Technology http://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Estadual De Maringá |
publisher.none.fl_str_mv |
Universidade Estadual De Maringá |
dc.source.none.fl_str_mv |
Acta Scientiarum. Technology; Vol 43 (2021): Publicação contínua; e50965 Acta Scientiarum. Technology; v. 43 (2021): Publicação contínua; e50965 1806-2563 1807-8664 reponame:Acta scientiarum. Technology (Online) instname:Universidade Estadual de Maringá (UEM) instacron:UEM |
instname_str |
Universidade Estadual de Maringá (UEM) |
instacron_str |
UEM |
institution |
UEM |
reponame_str |
Acta scientiarum. Technology (Online) |
collection |
Acta scientiarum. Technology (Online) |
repository.name.fl_str_mv |
Acta scientiarum. Technology (Online) - Universidade Estadual de Maringá (UEM) |
repository.mail.fl_str_mv |
||actatech@uem.br |
_version_ |
1799315337415491584 |