Exergoeconomic Analysis of the Cycle of Cogeneration of Power, Cooling and Freshwater for a Residential Complex in Iran

This research presents a system to use natural gas to meet electricity, freshwater and cooling needs for a residential building in Bandar Abbas. The system includes a gas turbine, absorption chiller and multi-effect desalination (MED) plant. The energy produced in the gas turbine is used to generate electricity, and the excess energy is used to produce cooling and freshwater. Finally, an exergoeconomic evaluation of the system is performed. The effects of ambient temperature on the output power as well as the exergy current have been investigated. The COP of the absorption cycle has been investigated, and the results show that at an operating temperature of 150∘C compared to 90∘C, the efficiency rate increases to 20%. The highest exergoeconomic cost rate is related to absorption chiller, and the lowest is related to heat recovery steam generation. The results show that if the ambient temperature increases, the production capacity decreases. Increasing the fuel flow rate increases the power. Evaluation of two different solutions to reduce the ambient temperature and increase the fuel flow shows that increasing the fuel flow is a better solution, considering the exergy cost of the absorption chiller, which is 10 times higher than that of the gas turbine.

Exergoeconomic and Normalized Sensitivity Analysis of Plate Heat Exchangers: A Theoretical Framework with Application

Heat exchangers are the mainstay of thermal systems and have been extensively used in desalination systems, heating, cooling units, power plants, and energy recovery systems. This chapter demonstrates a robust theoretical framework for heat exchangers investigation based on two advanced tools, i.e., exergoeconomic analysis and Normalized Sensitivity Analysis. The former is applied as a mutual application of economic and thermodynamic analyses, which is much more impactful than the conventional thermodynamic and economic analyses. This is because it allows the investigation of combinatory effects of thermodynamic and fiscal parameters which are not achieved with the conventional methods. Similarly, the Normalized Sensitivity Analysis allows a one-on-one comparison of the sensitivity of output parameters to the input parameters with entirely different magnitudes on a common platform. This rationale comparison is obtained by normalizing the sensitivity coefficients by their nominal values, which is not possible with the conventional sensitivity analyses. An experimentally validated example of a plate heat exchanger is used to demonstrate the application of the proposed framework from a desalination system.