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A new exergoeconomic approach for analysis and optimization of energy systems

Author

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  • Hua, B.
  • Chen, Q.L.
  • Wang, P.

Abstract

We present a new exergoeconomic approach to optimize energy systems. After tracing the energy evolution and degradation within the system, a binary subsystem model is proposed and optimization strategies are introduced. The method is applied to optimization of the CGAM problem.

Suggested Citation

  • Hua, B. & Chen, Q.L. & Wang, P., 1997. "A new exergoeconomic approach for analysis and optimization of energy systems," Energy, Elsevier, vol. 22(11), pages 1071-1078.
    • Handle: RePEc:eee:energy:v:22:y:1997:i:11:p:1071-1078
    DOI: 10.1016/S0360-5442(97)00038-8
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    Citations

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    Cited by:

    1. Cortés, E. & Rivera, W., 2010. "Exergetic and exergoeconomic optimization of a cogeneration pulp and paper mill plant including the use of a heat transformer," Energy, Elsevier, vol. 35(3), pages 1289-1299.
    2. Kan Wang & Jianqing Hu & Qiaoqiao Tang & Chang He & Bingjian Zhang & Qinglin Chen, 2023. "An engineering target-oriented multi-scenario heat exchanger network retrofit methodology with consideration of exergoeconomic assessment," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(1), pages 375-399, January.
    3. Sahu, Mithilesh Kumar & Sanjay,, 2016. "Investigation of the effect of air film blade cooling on thermoeconomics of gas turbine based power plant cycle," Energy, Elsevier, vol. 115(P1), pages 1320-1330.
    4. Ligang Wang & Zhiping Yang & Shivom Sharma & Alberto Mian & Tzu-En Lin & George Tsatsaronis & François Maréchal & Yongping Yang, 2018. "A Review of Evaluation, Optimization and Synthesis of Energy Systems: Methodology and Application to Thermal Power Plants," Energies, MDPI, vol. 12(1), pages 1-53, December.
    5. Abusoglu, Aysegul & Kanoglu, Mehmet, 2009. "Exergoeconomic analysis and optimization of combined heat and power production: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2295-2308, December.
    6. Onan, C. & Ozkan, D.B. & Erdem, S., 2010. "Exergy analysis of a solar assisted absorption cooling system on an hourly basis in villa applications," Energy, Elsevier, vol. 35(12), pages 5277-5285.
    7. Ajimotokan, H.A. & Sher, I., 2015. "Thermodynamic performance simulation and design optimisation of trilateral-cycle engines for waste heat recovery-to-power generation," Applied Energy, Elsevier, vol. 154(C), pages 26-34.
    8. Karaali, Rabi & Öztürk, İlhan Tekin, 2015. "Thermoeconomic optimization of gas turbine cogeneration plants," Energy, Elsevier, vol. 80(C), pages 474-485.
    9. Cardona, E. & Piacentino, A., 2006. "A new approach to exergoeconomic analysis and design of variable demand energy systems," Energy, Elsevier, vol. 31(4), pages 490-515.
    10. Coskun, C. & Oktay, Z. & Dincer, I., 2011. "Modified exergoeconomic modeling of geothermal power plants," Energy, Elsevier, vol. 36(11), pages 6358-6366.

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