IMPROVED ENERGY BUDGETING PROCESS USING MEASUREMENT AND VERIFICATION PRINCIPLES

IF 0.5 4区工程技术 Q4 ENGINEERING, INDUSTRIAL

South African Journal of Industrial Engineering Pub Date : 2020-11-11 DOI:10.7166/31-3-2418

Chantelle van Aarde, A. Gous, M. Kleingeld

{"title":"IMPROVED ENERGY BUDGETING PROCESS USING MEASUREMENT AND VERIFICATION PRINCIPLES","authors":"Chantelle van Aarde, A. Gous, M. Kleingeld","doi":"10.7166/31-3-2418","DOIUrl":null,"url":null,"abstract":"Budgets are used to predict and measure a mine’s performance. Problems arise when the budget is developed by financial resources with little focus on operational changes. The implementation of energy-saving measures, and the number of workdays or time-of-use profiles are often neglected, making the budget obsolete. Measurement and verification principles are known for their effectiveness when addressing operational changes. This paper presents a novel approach in which measurement and verification principles are altered into financial principles by developing analogies between the fields. A critical analysis of South African mines’ budgets was conducted to create these analogies. The result of the analysis highlights the need for integration, and provides a relationship between well-established measurement and verification principles as an alternative solution to budgeting. The solution was applied to a gold mine complex in South Africa. The new budget could account for an additional R26.2-million (16.8%), compared with the original budget, by successfully incorporating the measurement and verification principles.","PeriodicalId":49493,"journal":{"name":"South African Journal of Industrial Engineering","volume":"31 1","pages":"58-68"},"PeriodicalIF":0.5000,"publicationDate":"2020-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"South African Journal of Industrial Engineering","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.7166/31-3-2418","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ENGINEERING, INDUSTRIAL","Score":null,"Total":0}

引用次数: 0

Abstract

Budgets are used to predict and measure a mine’s performance. Problems arise when the budget is developed by financial resources with little focus on operational changes. The implementation of energy-saving measures, and the number of workdays or time-of-use profiles are often neglected, making the budget obsolete. Measurement and verification principles are known for their effectiveness when addressing operational changes. This paper presents a novel approach in which measurement and verification principles are altered into financial principles by developing analogies between the fields. A critical analysis of South African mines’ budgets was conducted to create these analogies. The result of the analysis highlights the need for integration, and provides a relationship between well-established measurement and verification principles as an alternative solution to budgeting. The solution was applied to a gold mine complex in South Africa. The new budget could account for an additional R26.2-million (16.8%), compared with the original budget, by successfully incorporating the measurement and verification principles.

查看原文本刊更多论文

利用计量和验证原则改进能源预算编制过程

预算用于预测和衡量矿山的绩效。当预算是由财政资源制定的，而很少关注业务变化时，就会出现问题。节能措施的实施，以及工作日数或使用时间档案往往被忽视，使预算过时。测量和验证原则以其在应对操作变化时的有效性而闻名。本文提出了一种新的方法，通过在各个领域之间进行类比，将计量和验证原则转变为财务原则。对南非矿山预算进行了批判性分析，以建立这些类比。分析的结果突出了一体化的必要性，并提供了公认的计量和核查原则之间的关系，作为预算编制的替代解决方案。该解决方案已应用于南非的一个金矿综合体。通过成功纳入测量和验证原则，与原预算相比，新预算可能额外占6260万兰特（16.8%）。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

South African Journal of Industrial Engineering 工程技术-工程：工业

CiteScore

1.10

自引率

20.00%

发文量

审稿时长

6 weeks

期刊介绍： The South African Journal of Industrial Engineering (SAJIE) publishes articles with the emphasis on research, development and application within the fields of Industrial Engineering and Engineering and Technology Management. In this way, it aims to contribute to the further development of these fields of study and to serve as a vehicle for the effective interchange of knowledge, ideas and experience between the research and training oriented institutions and the application oriented industry. Articles on practical applications, original research and meaningful new developments as well as state of the art surveys are encouraged.