Student Work

Techno-economic performance assessment of process systems in the presence of uncertainty

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This work aimed to model the costs of ammonia production comparing three hydrogen input technologies (SMR, pyrolysis, & electrolysis) while accounting for irreducible uncertainties within the calculation framework. This was accomplished through the use of Monte-Carlo simulations both in @RISK and with proprietary Python scripts producing CNPV distributions for each design under various carbon tax and discount rate conditions. It was determined that pyrolysis was the most consistently cost effective hydrogen technology option in the production of ammonia while incorporating uncertainties.

  • This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.
Creator
Subject
Publisher
Identifier
  • 94166
  • E-project-032223-131952
Keyword
Advisor
Year
  • 2023
UN Sustainable Development Goals
Date created
  • 2023-03-22
Resource type
Major
Source
  • E-project-032223-131952
Rights statement
Last modified
  • 2023-04-14

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