Thermoeconomic optimization

Date

2005-06-10

Author

Gogus, YA

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One of the trends of thermodynamics during the last thirty years has been development of powerful techniques which can optimize complex energy systems taking into account economic factors. These are called methods of thermoeconomic optimization. This paper presents basics of the established methods of thermoeconomics and some of the recent developments. Furthermore application of direct (by differentiation) optimization method to the known irreversible Carnot engine model and the results of this optimization are given, that clarifies the role of the basic thermoeconomic parameters. Copyright &COPY; 2005 John Wiley & Sons, Ltd.

Subject Keywords

Fuel Technology, Renewable Energy, Sustainability and the Environment, Energy Engineering and Power Technology, Nuclear Energy and Engineering

URI

https://hdl.handle.net/11511/63442

Journal

INTERNATIONAL JOURNAL OF ENERGY RESEARCH

DOI

https://doi.org/10.1002/er.1094

Collections

Department of Aerospace Engineering, Article

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Citation Formats

Y. Gogus, “Thermoeconomic optimization,” INTERNATIONAL JOURNAL OF ENERGY RESEARCH, pp. 559–580, 2005, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/63442.