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What is Thermoeconomic Evaluation of Thermal Systems about?

This document discusses the use of thermoeconomic variables to evaluate thermal systems. It describes how design evaluation of a new system differs from performance evaluation of an existing system in how investment costs are treated. The methodology section recommends ranking components by cost importance and focusing design changes on high-cost components. It also provides tips on using thermoeconomic variables like the exergoeconomic factor to identify where to reduce capital costs or improve efficiency.

Author

milind gupta

Language

EN