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Modeling the Green-Hydrogen Supply Chain as a Dynamic Economic System to Quantify the Value of Investments: An Engineering Design Approach

Authors
  • de Wit, Quinten (author)
Publication Date
Apr 08, 2022
Source
TU Delft Repository
Keywords
Language
English
License
Unknown
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Abstract

The green-hydrogen supply chain is part of the new energy business and will be operating in the new-energy markets. The new-energy markets are markets with volatile prices, and the prices are expected to become even more volatile in the future. A continuous-time model of the price and product flow dynamics is needed to quantify the value investments in the<br/>green-hydrogen supply chain.<br/><br/>The economic engineering theory is used to create a dynamic economic model. In the economic engineering theory, analogs from the engineering domains are used to the economic domain. The use of the analog enables one to design a continuous-time model of the green-hydrogen supply chain, including the price and product-flow dynamics. <br/><br/>The engineering design approach allows one to include investments in the model of an existing economic system. The impact of the investment can be analyzed as one uses engineering analogs combined with dynamical systems theory and engineering tools. The analogy of the Laplace transformation as present value calculus enables one to quantify the impact of the value of investments in the green-hydrogen supply chain.<br/> <br/>In this thesis, the Holland Hydrogen I project of Shell is used as an pplication to the framework. / Mechanical Engineering | Systems and Control

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