Visual Basic GUI for an Improved of M&V Framework Considering Risk Assessment

Nor Shahida Razali (1), Nofri Yenita Dahlan (2), Wan Faezah Abbas (3), Hasmaini Mohamad (4)
(1) Faculty of Electrical Engineering, Universiti Teknologi MARA, Shah Alam, Selangor, 40000, Malaysia
(2) Faculty of Electrical Engineering, Universiti Teknologi MARA, Shah Alam, Selangor, 40000, Malaysia
(3) Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA, Shah Alam, Selangor, 40000, Malaysia
(4) Faculty of Electrical Engineering, Universiti Teknologi MARA, Shah Alam, Selangor, 40000, Malaysia
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How to cite (IJASEIT) :
Razali, Nor Shahida, et al. “Visual Basic GUI for an Improved of M&V Framework Considering Risk Assessment”. International Journal on Advanced Science, Engineering and Information Technology, vol. 7, no. 6, Dec. 2017, pp. 2018-26, doi:10.18517/ijaseit.7.6.2338.
This paper presents a development of Visual Basic based Graphical User Interface (GUI) for an improved of Measurement and Verification Protocol (M&V) Whole Facility framework to quantify an investment in energy savings considering risks. Monte Carlo simulations are presented to assess the risks of an Energy Conservation Measure (ECM) project. The proposed M&V framework produces a continuous range of savings and rate of return of the investment with associated probabilities instead of a single value assessment without margin of error. The GUI was tested for a commercial building using three different variables that are affecting the energy use: 1) Cooling Degree Days (CDD), 2) Number of Working Days (NWD) and 3) Multi-Variable that combining CDD and NWD. From the findings, it shows that the proposed Visual Basic based GUI of M&V with Monte Carlo simulation provides a more comprehensive overview of energy savings investment in a building.

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