Exergoeconomic analysis and optimization of an Integrated Solar Combined Cycle System (ISCCS) using genetic algorithm

Thermodynamic irreversibilities and exergy balance in combustion processes

Exergy analysis of a thermal power plant with measured boiler and turbine losses

Efficiency assessment of Turkish power plants using data envelopment analysis

Exergoeconomics is also called thermoeconomics, and thermoeconomic analysis methodologies combine economic and thermodynamic analysis by applying the cost concept to exergy which accounts for the quality of energy. The main concept of thermoeconomics is the exergetic cost and it deals with cost accounting methods. This paper is a review on the exergoeconomic analysis and optimization of combined heat and power production (CHPP). A brief historical overview on the exergoeconomics analysis and optimization is given. The concept of exergetic cost and cost accounting methods are discussed. An application of relevant formulation is given using a diesel engine powered cogeneration system as an example. Main thermoeconomic methodologies available in literature are described and their advantages and disadvantages with respect to one another are compared and discussed through a well-known problem, namely CGAM. Important studies on thermoeconomic analysis and optimization of combined heat and power production are listed based on the methodology used and the type of system considered.

J.-S. Jeon

Papers

Exergetic and thermoeconomic analyses of power plants