Analysis of Cost-benefit and CO2 Emissions of Solar Energy-Intelligent Poultry Feeding System: Application of NPV and Dynamic Environmental I-O Model

Authors

  • Yu-Chen Yang
  • Yi-Chich Chiu
  • Cheng-Yih Hong Department of Finance, Chaoyang University of Technology, Taichung, Taiwan

Abstract

Intelligent Poultry Feeding System is the future development trend of agriculture. This is the production model of big data platform through technological innovation such as IOT, AI, etc. In recent years, Taiwan has proposed the Agricultural 4.0 program to combine renewable energy with technological innovation to promote the development of agriculture. Building a complete intelligent poultry house including solar power generation and Intelligent Poultry Feeding System, the purpose of this paper is to evaluate the effectiveness of this policy and analyze the economic effects and environmental protection of Solar Energy-Intelligent Poultry Feeding System. The research methodology uses the Net Present Value (NPV) for financial evaluation and the Dynamic Environmental I-O Model for energy. The results of this paper show that the investment of Solar Energy-Intelligent Poultry Feeding System can recover the investment cost within a reasonable period of time, and effectively improve the CO2 emission effect, achieving the dual tasks of industrial development and environmental protection.Keywords: Solar Energy, Intelligent Poultry Feeding System, NPV, Dynamic Environmental I-O ModelJEL Classifications: Q19, Q43, C6.DOI: https://doi.org/10.32479/ijeep.8443

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Author Biography

Cheng-Yih Hong, Department of Finance, Chaoyang University of Technology, Taichung, Taiwan

Cheng-Yih Hong is an associate professor in the Department of Finance at Chaoyang University of Technology in Taiwan, R.O.C. He received his Ph.D. degree in agriculture and resource economics from the University of Tokyo, Japan, in 1995. His research areas include industry correlation analysis, service management, tourism management, monetary finance theory, agricultural economics, and East Asian regional economics.

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Published

2019-11-13

How to Cite

Yang, Y.-C., Chiu, Y.-C., & Hong, C.-Y. (2019). Analysis of Cost-benefit and CO2 Emissions of Solar Energy-Intelligent Poultry Feeding System: Application of NPV and Dynamic Environmental I-O Model. International Journal of Energy Economics and Policy, 10(1), 178–184. Retrieved from https://econjournals.com/index.php/ijeep/article/view/8443

Issue

Vol. 10 No. 1 (2020)

Section

Articles

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