IDEAS home Printed from https://ideas.repec.org/a/eee/phsmap/v613y2023ics0378437123000900.html
   My bibliography  Save this article

Thermo-economic optimization of irreversible Novikov power plant models including a proposal of dissipation cost

Author

Listed:
  • Ares de Parga-Regalado, A.M.
  • Valencia-Ortega, G.
  • Barranco-Jiménez, M.A.

Abstract

The main component of the cost–benefit ratio of the electricity generation market relates to the finite energy capacity of macroscopic systems to perform conversion processes. Within the context of Finite-Time Thermodynamics (FTT), we aim to introduce an economic feature analysis of a non-endoreversible power plant model, the so-called Chambadal–Novikov model. We emulate the irreversible energy conversion processes of real-world power plants via the non-endoreversibility parameter (R) and heat transfer laws such as the Newtonian, Dulong–Petit and Stefan–Boltzmann. We find a connection between two maximum economic-energetic optimization criteria: The power output and the generalized ecological one with the economic Π function. Furthermore, we show that the maximum power output regime can be considered as a short-term recovery regime; however, it produces considerably more dissipated energy towards the atmosphere. With the help of these economic regimes, we introduce a proposal of “dissipation cost” through the total running cost function, and it can lead us to propose an ecological tariff expressed as the difference between the ratio of the capitalization of fuel consumption cost and incomes.

Suggested Citation

  • Ares de Parga-Regalado, A.M. & Valencia-Ortega, G. & Barranco-Jiménez, M.A., 2023. "Thermo-economic optimization of irreversible Novikov power plant models including a proposal of dissipation cost," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 613(C).
    • Handle: RePEc:eee:phsmap:v:613:y:2023:i:c:s0378437123000900
    DOI: 10.1016/j.physa.2023.128535
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378437123000900
    Download Restriction: Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000
    File URL: https://libkey.io/10.1016/j.physa.2023.128535?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mads Greaker & Tom‐Reiel Heggedal & Knut Einar Rosendahl, 2018. "Environmental Policy and the Direction of Technical Change," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(4), pages 1100-1138, October.
    2. Galvin, Ray & Dütschke, Elisabeth & Weiß, Julika, 2021. "A conceptual framework for understanding rebound effects with renewable electricity: A new challenge for decarbonizing the electricity sector," Renewable Energy, Elsevier, vol. 176(C), pages 423-432.
    3. Chen, Lingen & Liu, Xiaowei & Wu, Feng & Xia, Shaojun & Feng, Huijun, 2020. "Exergy-based ecological optimization of an irreversible quantum Carnot heat pump with harmonic oscillators," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 537(C).
    4. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    5. Jinhu He & Lingen Chen & Yanlin Ge & Shuangshuang Shi & Fang Li, 2022. "Multi-Objective Optimization of an Irreversible Single Resonance Energy-Selective Electron Heat Engine," Energies, MDPI, vol. 15(16), pages 1-19, August.
    6. Ocampo-García, A. & Barranco-Jiménez, M.A. & Angulo-Brown, F., 2017. "Thermodynamic and themoeconomic optimization of isothermal endoreversible chemical engine models," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 488(C), pages 149-161.
    7. Valencia-Ortega, G. & Levario-Medina, S. & Barranco-Jiménez, M.A., 2021. "Local and global stability analysis of a Curzon–Ahlborn model applied to power plants working at maximum k-efficient power," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 571(C).
    8. Chen, Lingen & Sun, Fengrui & Wu, Chih, 2005. "Thermo-economics for endoreversible heat-engines," Applied Energy, Elsevier, vol. 81(4), pages 388-396, August.
    9. Marco A. Barranco-Jiménez & Israel Ramos-Gayosso & Marco A. Rosales & Fernando Angulo-Brown, 2009. "A Proposal of Ecologic Taxes Based on Thermo-Economic Performance of Heat Engine Models," Energies, MDPI, vol. 2(4), pages 1-15, November.
    10. Wu, Chih & Kiang, Robert L., 1992. "Finite-time thermodynamic analysis of a Carnot engine with internal irreversibility," Energy, Elsevier, vol. 17(12), pages 1173-1178.
    11. Chen, Lingen & Liu, Xiaowei & Ge, Yanlin & Wu, Feng & Feng, Huijun & Xia, Shaojun, 2020. "Power and efficiency optimization of an irreversible quantum Carnot heat engine working with harmonic oscillators," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 550(C).
    12. Yin, Yong & Chen, Lingen & Wu, Feng & Ge, Yanlin, 2020. "Work output and thermal efficiency of an endoreversible entangled quantum Stirling engine with one dimensional isotropic Heisenberg model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 547(C).
    13. O'Sullivan, Michael & Gravatt, Michael & Popineau, Joris & O'Sullivan, John & Mannington, Warren & McDowell, Julian, 2021. "Carbon dioxide emissions from geothermal power plants," Renewable Energy, Elsevier, vol. 175(C), pages 990-1000.
    14. World Bank Group, "undated". "State and Trends of Carbon Pricing 2019," World Bank Publications - Reports 31755, The World Bank Group.
    15. Chen, Lingen & Qi, Congzheng & Ge, Yanlin & Feng, Huijun, 2022. "Thermal Brownian heat engine with external and internal irreversibilities," Energy, Elsevier, vol. 255(C).
    16. Ramírez-Moreno, M.A. & González-Hernández, S. & Angulo-Brown, F., 2016. "The role of the Stefan–Boltzmann law in the thermodynamic optimization of an n-Müser engine," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 444(C), pages 914-921.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chen, Lingen & Shi, Shuangshuang & Ge, Yanlin & Feng, Huijun, 2023. "Power density performances and multi-objective optimizations for an irreversible Otto cycle with five specific heat models of working fluid," Energy, Elsevier, vol. 282(C).
    2. Qi, Congzheng & Chen, Lingen & Ge, Yanlin & Feng, Huijun, 2023. "Three-heat-reservoir thermal Brownian heat transformer and its performance limits," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 622(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ares de Parga-Regalado, A.M. & Ramírez-Moreno, M.A. & Angulo-Brown, F., 2023. "A comparative thermodynamic and thermoeconomic analysis between two ecological regimes for the Novikov energy converter," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 615(C).
    2. Ares de Parga-Regalado, A.M. & Ramírez-Moreno, M.A., 2022. "On the analysis of an ecological regime for energy converters," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 605(C).
    3. Qi, Congzheng & Chen, Lingen & Ge, Yanlin & Feng, Huijun, 2023. "Three-heat-reservoir thermal Brownian heat transformer and its performance limits," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 622(C).
    4. Valencia-Ortega, G. & Levario-Medina, S. & Barranco-Jiménez, M.A., 2021. "Local and global stability analysis of a Curzon–Ahlborn model applied to power plants working at maximum k-efficient power," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 571(C).
    5. Valencia-Ortega, G. & Levario-Medina, S. & Angulo-Brown, F. & Barranco-Jiménez, M.A., 2023. "Energetic optimization and local stability of heliothermal plant models under three thermo-economic performance regimes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 613(C).
    6. Lingen Chen & Chenqi Tang & Huijun Feng & Yanlin Ge, 2020. "Power, Efficiency, Power Density and Ecological Function Optimization for an Irreversible Modified Closed Variable-Temperature Reservoir Regenerative Brayton Cycle with One Isothermal Heating Process," Energies, MDPI, vol. 13(19), pages 1-23, October.
    7. Yin, Yong & Chen, Lingen & Wu, Feng & Ge, Yanlin, 2020. "Work output and thermal efficiency of an endoreversible entangled quantum Stirling engine with one dimensional isotropic Heisenberg model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 547(C).
    8. Oscar Gutiérrez & Francisco Ruiz-Aliseda, 2011. "Real options with unknown-date events," Annals of Finance, Springer, vol. 7(2), pages 171-198, May.
    9. Donna, Javier D. & Pereira, Pedro & Trindade, Andre & Yoshida, Renan C., 2020. "Direct-to-Consumer Sales by Manufacturers and Bargaining," MPRA Paper 105773, University Library of Munich, Germany.
    10. Kaplow, Louis & Shapiro, Carl, 2007. "Antitrust," Handbook of Law and Economics, in: A. Mitchell Polinsky & Steven Shavell (ed.), Handbook of Law and Economics, edition 1, volume 2, chapter 15, pages 1073-1225, Elsevier.
    11. Simon P. Anderson & Régis Renault, 2011. "Price Discrimination," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 22, Edward Elgar Publishing.
    12. Leonard J. Mirman & Egas M. Salgueiro & Marc Santugini, 2013. "Integrating Real and Financial Decisions of the Firm," Cahiers de recherche 1333, CIRPEE.
    13. McCarthy, Ian M., 2016. "Advertising intensity and welfare in an equilibrium search model," Economics Letters, Elsevier, vol. 141(C), pages 20-26.
    14. Kuosmanen, Natalia & Valmari, Nelli, 2023. "Renewal of Companies Through Product Switching," ETLA Working Papers 104, The Research Institute of the Finnish Economy.
    15. Alexander, Corinne E., 2002. "The Role Of Seed Company Supplied Information In Farmers' Decisions," 2002 Annual meeting, July 28-31, Long Beach, CA 19617, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    16. Kathryn E. Spier, 2003. "“Tied to the Mast”: Most-Favored-Nation Clauses in Settlement Contracts," The Journal of Legal Studies, University of Chicago Press, vol. 32(1), pages 91-120, January.
    17. Pierre-Pascal Gendron, 1996. "Corporation Tax Asymmetries: An Oligopolistic Supergame Analysis," Working Papers ecpap-96-04, University of Toronto, Department of Economics.
    18. Musso, Enrico & Ferrari, Claudio & Benacchio, Marco, 2006. "Port Investment: Profitability, Economic Impact and Financing," Research in Transportation Economics, Elsevier, vol. 16(1), pages 171-218, January.
    19. Thomas Grandner, 2006. "A Note on Franchising and Wage Bargaining," Journal of Economics, Springer, vol. 87(3), pages 281-293, April.
    20. MartI´nez-Sánchez, Francisco, 2010. "Avoiding commercial piracy," Information Economics and Policy, Elsevier, vol. 22(4), pages 398-408, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:613:y:2023:i:c:s0378437123000900. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.