Exergoeconomic Analysis of Energy Conversion Systems: From Fundamentals to Applications

Jamil, Muhammad Ahmad, Yaqoob, Haseeb, Goraya, Talha S., Shahzad, Muhammad Wakil and Zubair, Syed M. (2022) Exergoeconomic Analysis of Energy Conversion Systems: From Fundamentals to Applications. In: Synergy Development in Renewables Assisted Multi-carrier Systems. Green Energy and Technology . Springer, Cham, Switzerland, pp. 3-21. ISBN 9783030907198, 9783030907204

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Official URL: https://doi.org/10.1007/978-3-030-90720-4_1

Abstract

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.

Item Type: Book Section
Uncontrolled Keywords: Economic parameters, Exergoeconomic analysis, Theoretical framework, Thermal systems, Thermodynamic parameters
Subjects: H800 Chemical, Process and Energy Engineering
H900 Others in Engineering
Department: Faculties > Engineering and Environment > Mechanical and Construction Engineering
Depositing User: Rachel Branson
Date Deposited: 03 Feb 2022 11:13
Last Modified: 03 Feb 2022 11:15
URI: http://nrl.northumbria.ac.uk/id/eprint/48356

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