ENERGY MANAGEMENT MODEL – AN INNOVATIVE TOOL FOR BENCHMARKING THE ENERGY MANAGEMENT SYSTEM IN INDUSTRIAL COMPANIES

Journal Title: EMC Review: Časopis za ekonomiju i tržišne komunikacije - Year 2015, Vol 5, Issue 2

Abstract

Energy management is becoming an important topic for companies around the world. It influences organizational and technical processes and behaviors in the company in order to reduce the operational total energy consumption, improve resource efficiency, implement legislative requirements, and improve their corporate image. ISO 50001 International Standard was introduced as a global standard for managing energy use through that provides the unified framework for energy management. This paper introduces and describes model methodology and innovative software tool for benchmarking the energy management system in industrial companies. The software is designed to illustrate the current energy management situation in the company, the estimation of target state and to identify the energy efficiency potentials. Using the benchmark methodology, the energy management is summarized in an assessment profile. The results can be used as a reference guide for Energy Managers or extern consultants to understand the requirements and to implement ISO Standard 50001 in their company. A case study of an Austrian foundry is empirically tested and presented in order to evaluate the efficiency of the developed model.

Authors and Affiliations

Milan Topić, Karin Tschiggerl, Hubert Biedermann

Keywords

Related Articles

DIMENZIJE USLUŽNE PONUDE KAO PRETPOSTAVKA GRAĐENJA DUGOROČNIH ODNOSA SA KUPCIMA TELEKOMUNIKACIJSKIH USLUGA

Svrha rada je izražena u potrebi da se istraži značaj pojedinih dimenzija uslužne ponude za kupce i njihov uticaj na spremnost za građenje dugoročnih odnosa sa kompanijom BH Telecom Zenica. Predmet istraživanja su dimenz...

BUSINESS PERFORMANCE IN THE INTERNATIONAL MARKET

Production stagnation, inflationary trends and rising unemployment developed countries are solved through a faster restructuring of their economies and a comprehensive economic recovery, rather than through constant stre...

ULOGA I ZNAČAJ FORENZIČKOG RAČUNOVODSTVA U OTKRIVANJU FINANSIJSKIH PREVARA

The development of the world market leads to the rapid growth of financial frauds, which reduces the objectivity and reliability of financial reporting. In an effort to reduce fraud and thus restore confidence in the fin...

EXPORTS, FOREIGN DIRECT INVESTMENTS AND ECONOMIC GROWTH IN THE REPUBLIC OF CROATIA

Economic growth, export and foreign direct investment have been an important research subject for many years. The argument about the role of export as one of the main deterministic factors of economic growth has its root...

RISK MANAGEMENT IN THE COMPANIES

The risk is a future and uncertain event, that is, from the standpoint of the company, an event that can cause damage. It is therefore of great importance to the companies to properly assess the risk, to determine its ty...

Download PDF file
  • EP ID EP333365
  • DOI -
  • Views 74
  • Downloads 0

How To Cite

Milan Topić, Karin Tschiggerl, Hubert Biedermann (2015). ENERGY MANAGEMENT MODEL – AN INNOVATIVE TOOL FOR BENCHMARKING THE ENERGY MANAGEMENT SYSTEM IN INDUSTRIAL COMPANIES. EMC Review: Časopis za ekonomiju i tržišne komunikacije, 5(2), 337-355. https://europub.co.uk/articles/-A-333365