Sustainability · 2011 · 287 citations · 30 references
EngineeringResource EconomicsEnergy EconomicsEnergy PolicyEnergy SystemsEnergy ConversionEnergy Policy AnalysisEnergy System ModelingFuel CharacteristicsFuel DynamicsFuel ManagementFuel Cycle System Analysis
The main objective of this manuscript is to provide a formal methodology, structure, and nomenclature for EROI analysis that is both consistent, so that all EROI numbers across various processes can be compared, and also flexible, so that changes or additions to the universal formula can focus analyses on specific areas of concern. To accomplish this objective we address four areas that are of particular interest within EROI analysis: (1) boundaries of the system under analysis, (2) energy quality corrections, (3) energy-economic conversions, and (4) alternative EROI statistics. Lastly, we present step-by-step instructions outlining how to perform an EROI analysis.
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