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dc.contributor.advisorSchultz, David E.
dc.contributor.advisorSprouls, Eric P.
dc.contributor.advisorPerry, Billy C.
dc.contributor.authorMerle, Don
dc.date.accessioned2019-12-09T18:13:47Z
dc.date.available2019-12-09T18:13:47Z
dc.date.issued2007
dc.identifier.urihttp://hdl.handle.net/20.500.12419/416
dc.descriptionThesis available in Rice Library University Archives and Special Collection.
dc.description.abstractWith the rise in natural gas prices, many homeowners are experiencing escalated heating bills throughout southern Indiana. This study looks at four different but reasonable options (80% efficient natural gas furnace, 90% efficient natural gas furnace, straight electric furnace and electric air-to-air heat pump) as solutions to the rising cost of heating homes in southern Indiana, evaluating each option and selecting an optimal alternative. The average Evansville area natural gas utility customer can consider these alternatives to lower residential heating costs. This study will develop a theoretical model home and insert that model into three different decision making analyses (Rate of Return, Payback Period and Analytical Hierarchy Process Analysis) for evaluation in aiding and selecting the optimal heating system for an imaginary customer. Rate of Return Analysis confirmed that the optimal heating system giving the best reimbursement percentage rate was the electric air-to-air heat pump. When applying the Payback Analysis method of decision-making, the optimal residential heating system was again the electric air-to-air heat pump. When utilizing the Analytical Hierarchy Analysis Process method of decision-making, this study found that the 80% efficient natural gas furnace was the optimal heating system.
dc.titleOptimal residential heating system
html.description.abstractWith the rise in natural gas prices, many homeowners are experiencing escalated heating bills throughout southern Indiana. This study looks at four different but reasonable options (80% efficient natural gas furnace, 90% efficient natural gas furnace, straight electric furnace and electric air-to-air heat pump) as solutions to the rising cost of heating homes in southern Indiana, evaluating each option and selecting an optimal alternative. The average Evansville area natural gas utility customer can consider these alternatives to lower residential heating costs. This study will develop a theoretical model home and insert that model into three different decision making analyses (Rate of Return, Payback Period and Analytical Hierarchy Process Analysis) for evaluation in aiding and selecting the optimal heating system for an imaginary customer. Rate of Return Analysis confirmed that the optimal heating system giving the best reimbursement percentage rate was the electric air-to-air heat pump. When applying the Payback Analysis method of decision-making, the optimal residential heating system was again the electric air-to-air heat pump. When utilizing the Analytical Hierarchy Analysis Process method of decision-making, this study found that the 80% efficient natural gas furnace was the optimal heating system.
dc.contributor.degreeMaster of Science in Industrial Management
dc.typeThesis (M.S.I.M.)--University of Southern Indiana, 2007


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