18th International Conference on Efficiency, Cost, Optimization, Simulation, and Environmental Impact of Energy Systems, ECOS 2005, Trondheim, Norway, 20 - 22 June 2005, pp.801-809
This paper is a case study of thermodynamics and economics related analyses applied to an existing gas/steam combined cycle cogeneration plant. Basic thermodynamic properties of the plant arc determined by energy analysis utilizing main operation conditions. Exergy destruction and losses within the plant are investigated to determine themodynamic inefficiencies in the system and to assist tor guiding future improvements in the plant. Cost balances are applied to several subsystems in the plant, hence, cost Herniation in the plant is observed. Besides, cost of each product of the system is calculated.