TY - CHAP
T1 - Exergoeconomic Analysis of Energy Conversion Systems
T2 - From Fundamentals to Applications
AU - Jamil, Muhammad Ahmad
AU - Yaqoob, Haseeb
AU - Goraya, Talha S.
AU - Shahzad, Muhammad Wakil
AU - Zubair, Syed M.
PY - 2022/1/15
Y1 - 2022/1/15
N2 - Exergoeconomic analysis, a simultaneous investigation of exergetic and monetary performance has attained significant attention to analyze and improve the performance of energy conversion systems. This combined analysis allows an individual audit of all the components in the system. The research is particularly useful for multi-component systems to get a better understanding of how effectively each component consumes energy and economic capital. This chapter aims to present a comprehensive theoretical framework for exergoeconomic study of thermal systems. For this purpose, the framework is initially developed for standalone heat exchangers and then extended to commercial-scale thermal desalination systems consisting of preheaters, pumps, evaporators, and compressors, etc. The exergetic and economic values of each stream in the system were evaluated using the developed framework. The sensitivity and parametric analysis of different thermodynamic and economic parameters on the system performance was conducted to study the performance variations. The presented model can be generalized for performance analysis of other systems.
AB - Exergoeconomic analysis, a simultaneous investigation of exergetic and monetary performance has attained significant attention to analyze and improve the performance of energy conversion systems. This combined analysis allows an individual audit of all the components in the system. The research is particularly useful for multi-component systems to get a better understanding of how effectively each component consumes energy and economic capital. This chapter aims to present a comprehensive theoretical framework for exergoeconomic study of thermal systems. For this purpose, the framework is initially developed for standalone heat exchangers and then extended to commercial-scale thermal desalination systems consisting of preheaters, pumps, evaporators, and compressors, etc. The exergetic and economic values of each stream in the system were evaluated using the developed framework. The sensitivity and parametric analysis of different thermodynamic and economic parameters on the system performance was conducted to study the performance variations. The presented model can be generalized for performance analysis of other systems.
KW - Economic parameters
KW - Exergoeconomic analysis
KW - Theoretical framework
KW - Thermal systems
KW - Thermodynamic parameters
UR - http://www.scopus.com/inward/record.url?scp=85123353987&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-90720-4_1
DO - 10.1007/978-3-030-90720-4_1
M3 - Chapter
AN - SCOPUS:85123353987
SN - 9783030907198
T3 - Green Energy and Technology
SP - 3
EP - 21
BT - Synergy Development in Renewables Assisted Multi-carrier Systems
A2 - Amidpour, Majid
A2 - Ebadollahi, Mohammad
A2 - Jabari, Farkhondeh
A2 - Kolahi, Mohammad-Reza
A2 - Ghaebi, Hadi
PB - Springer
CY - Cham, Switzerland
ER -