Course description

The linkage of energy, environment and climate change; concepts and philosophy of zero waste for sustainable development; maximize recycling and minimize waste; value management and sustainable consumption for greenhouse gases mitigation, international cooperation and market mechanisms to reduce greenhouse gases.

Research methodology; discussion on special topics and issues related to energy technology and energy management; analysis of current energy research work.

Classification of energy resources; renewable and conventional energy resources; Fossil fuels: technology, utilization, environmental impacts and climate change; Technology options for environmental impacts and greenhouse gases mitigation; renewable energy and alternative energy for the future.

General aspects of energy management, energy balance, energy audit procedure and energy cost analysis; energy efficiency assessment; energy conservation measures in electricity and thermal systems; energy technology in industry/buildings; case studies of good practice facilities.

Basic energy concepts; energy balance; basic concepts of a national economy; introduction to energy production and cost; energy resources and forecasts; energy supply and demand planning; energy investment planning; energy and environment; basic elements of planning; energy models and approaches.

Cost definition and terminology; introduction to project cost and cash flow; principles of activity-based costing; resources requirement plan; cost estimates cost budgeting; factors affecting cash management; introduction to project financial performance measurement; energy project investment analysis; case studies on cost of energy projects.

Introduction to project management; theory and concepts related to project management; project life cycle including initiation and definition, planning, executing, controlling and closure; project knowledge areas including integration, scope, time, cost, quality, human resources, communications, risk and procurement; practical examination of how projects can be managed from the beginning to the end with emphasis on planning and controlling to avoid common pitfalls, identifying needs, defining requirements, project cost, scheduling, resource allocation, project policy; case studies on energy project management.

Global energy trend; market outlook for oil, natural gas, coal, power sector and alternative energy; energy use in continents and key countries; production prospects in oil and gas; trends in energy related CO2 emission; impact of global warming on energy.

Key concepts of public policy, structure and dynamics of public policy processes; analysis of public policy on energy, mechanisms of policy-making; policy actors and institutions, political context of energy policy in relations to other policy areas, policy instruments, process of policy communication, policy implementation and evaluation; issues in energy policy; public administration and governance.

Development of the world’s energy system; energy issues from economic, political, social, and environmental perspectives; international political economy and geopolitics of petroleum products; energy and city-rural nexus; alternative energies and adjustment of the way of life.

Selected topics in energy technology
Current issues from various fields in energy aspects.

Technology for energy and environment planning; strategic finance management and business plan development; strategic proposal for banking approval; development of new financial economic concepts; strategic communication for executives.

Project evaluation concepts and its application in energy investment; discounted cash flow models; estimation of project cash flows; project evaluation criteria; economics risk analysis; tools for economic risk management; probabilistic models for project evaluation; Monte Carlo simulation concepts; decision tree analysis; assessment of value information by Baysian analysis; risk preferences for decision analysis; assessment of project flexibility using option pricing theory and real option pricing.

Tools for quantitative analysis for energy research. Practice of quantitative analytical skill and critical and creative thinking to utilize the tools in research work.

Fundamental of energy transition and sustainable energy development;  greenhouse gas emission assessment; decarbonization technologies and  approaches; economic tools for driving energy transition and sustainable energy development; benefit and co-benefit analysis; development of powerful strategies and business models.

The course of decision-making tools for  selecting decarbonization technology gives  an overview of decision analysis; decision  elements and time value of money concepts; and investment analysis including project cash flow determination and cash flow projection; Then, some well-known  decision-making tools for selecting  decarbonization technology are provided for both basic concepts and their implications; The tools include cost-benefit analysis;  assessment of marginal abatement cost for greenhouse gas, life cycle assessment of renewable energy source, and multi-criteria analysis.

Master Project

Atomic and nuclear physic; interaction of radiation with matter; application of nuclear energy and radioisotope in various fields; nuclear reactors and nuclear power.

Role of energy in economic system, energy balance; characteristics of specific energy markets, substitution between energy inputs; energy planning and policy with special reference to situation and conditions in Thailand.

To apply