Break-even investment in a wind energy conversion system for an irrigated farm on the Texas High Plains
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Date
1981
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Abstract
The purposes of this study was to quantify the benefits of using a wind energy system for irrigation. The value of wind energy was estimated on both a static basis (where the annual value of wind power was assumed to be constant over the life of the machine) and on a temporal basis (where the annual value of wind power was estimated recursively). The model for static analysis contained two components which were applied consecutively. The first was a linear programming (LP) model for the High Plains region. Production activities were included which allowed both optimal and nonoptimal timing of post-plant irrigations, giving the producer aided flexibility in the employment of limiting water resources. The optimal irrigation schedule determined by the LP solution was used as input to the second component. A simulation model matched stochastically generated estimates of wind power availability with irrigation fuel requirements (derived from the profit maximizing irrigation schedule) by three-hour time periods throughout a year. ...
Description
Includes bibliographical references (leaves 121-127)
Keywords
Agricultural Economics