Abstract
Exergoeconomics, this common branch of mechanical and chemical engineering, represents a unique combination of an exergy analysis and a cost analysis, to provide the designer or the operator of an energy-conversion plant with information not available through conventional energy, exergy or cost analyses but crucial to the design and operation of a cost-effective plant. Exergoeconomics may be defined as an exergy-aided cost-reduction method. In addition, exergoeconomics is a very powerful tool for understanding the interconnections between thermodynamics and economics, and, thus, the behavior of an energy conversion plant from the cost viewpoint [1].
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Tsatsaronis, G. (1999). Design Optimization Using Exergoeconomics. In: Bejan, A., Mamut, E. (eds) Thermodynamic Optimization of Complex Energy Systems. NATO Science Series, vol 69. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4685-2_7
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DOI: https://doi.org/10.1007/978-94-011-4685-2_7
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