IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v169y2016icp937-949.html
   My bibliography  Save this article

Multi-pole system analysis (MPSA) – A systematic method towards techno-economic optimal system design

Author

Listed:
  • Holl, Mario
  • Pelz, Peter F.

Abstract

A new and general method for holistic system modeling using multi-pole formalism is presented. The motivation of our research is to develop a structured method for simultaneous system description and assessment with respect to several criteria, e.g. economic profitability, energetic efficiency and environmental impact. The method is named multi-pole system analysis (MPSA) and allows to combine an arbitrarily complex connected system. Thus, one ends up with a simple mathematical expression which generates a concentrated and broad system understanding and highlights interactions of multiple input and output quantities. The MPSA method is used to describe a conceptual wind-energy converter both energetically and economically. The resulting techno-economic analysis consists of the three essential steps of (i) techno-economic modeling, (ii) detailed energetic and economic analysis and (iii) system optimization. By applying these steps one obtains systematically and in a structured manner the techno-economic optimal system. The energetic analysis is performed by applying axiomatic conversion laws on a presented physical model of the energy conversion system. By using empiric scaling laws not only one but a multitude of possible systems are considered. The economic analysis is performed by applying economic models of the dynamic investment analysis. The techno-economic optimal system in the classic definition of Pareto optimality is shown. The method shows that only a simultaneous consideration of energetic and economic aspects leads to reasonable system design and operation.

Suggested Citation

  • Holl, Mario & Pelz, Peter F., 2016. "Multi-pole system analysis (MPSA) – A systematic method towards techno-economic optimal system design," Applied Energy, Elsevier, vol. 169(C), pages 937-949.
    • Handle: RePEc:eee:appene:v:169:y:2016:i:c:p:937-949
    DOI: 10.1016/j.apenergy.2016.02.076
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261916302148
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2016.02.076?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kohl, Thomas & Teles, Moises & Melin, Kristian & Laukkanen, Timo & Järvinen, Mika & Park, Song Won & Guidici, Reinaldo, 2015. "Exergoeconomic assessment of CHP-integrated biomass upgrading," Applied Energy, Elsevier, vol. 156(C), pages 290-305.
    2. Dong, Ruifeng & Yu, Yunsong & Zhang, Zaoxiao, 2014. "Simultaneous optimization of integrated heat, mass and pressure exchange network using exergoeconomic method," Applied Energy, Elsevier, vol. 136(C), pages 1098-1109.
    3. Pelz, P.F. & Holl, M. & Platzer, M., 2016. "Analytical method towards an optimal energetic and economical wind-energy converter," Energy, Elsevier, vol. 94(C), pages 344-351.
    4. de Bosio, Federico & Verda, Vittorio, 2015. "Thermoeconomic analysis of a Compressed Air Energy Storage (CAES) system integrated with a wind power plant in the framework of the IPEX Market," Applied Energy, Elsevier, vol. 152(C), pages 173-182.
    5. Silva, R. & Berenguel, M. & Pérez, M. & Fernández-Garcia, A., 2014. "Thermo-economic design optimization of parabolic trough solar plants for industrial process heat applications with memetic algorithms," Applied Energy, Elsevier, vol. 113(C), pages 603-614.
    6. Kim, J. & Park, C., 2010. "Wind power generation with a parawing on ships, a proposal," Energy, Elsevier, vol. 35(3), pages 1425-1432.
    7. Kohl, Thomas & Laukkanen, Timo & Järvinen, Mika & Fogelholm, Carl-Johan, 2013. "Energetic and environmental performance of three biomass upgrading processes integrated with a CHP plant," Applied Energy, Elsevier, vol. 107(C), pages 124-134.
    8. Wall, G., 1986. "Thermoeconomic optimization of a heat pump system," Energy, Elsevier, vol. 11(10), pages 957-967.
    9. Retkowski, Waldemar & Thöming, Jorg, 2014. "Thermoeconomic optimization of vertical ground-source heat pump systems through nonlinear integer programming," Applied Energy, Elsevier, vol. 114(C), pages 492-503.
    10. Tsatsaronis, George, 2007. "Definitions and nomenclature in exergy analysis and exergoeconomics," Energy, Elsevier, vol. 32(4), pages 249-253.
    11. Boyano, A. & Blanco-Marigorta, A.M. & Morosuk, T. & Tsatsaronis, G., 2011. "Exergoenvironmental analysis of a steam methane reforming process for hydrogen production," Energy, Elsevier, vol. 36(4), pages 2202-2214.
    12. Meyer, Lutz & Tsatsaronis, George & Buchgeister, Jens & Schebek, Liselotte, 2009. "Exergoenvironmental analysis for evaluation of the environmental impact of energy conversion systems," Energy, Elsevier, vol. 34(1), pages 75-89.
    13. Mosaffa, A.H. & Garousi Farshi, L., 2016. "Exergoeconomic and environmental analyses of an air conditioning system using thermal energy storage," Applied Energy, Elsevier, vol. 162(C), pages 515-526.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. García Kerdan, Iván & Raslan, Rokia & Ruyssevelt, Paul & Morillón Gálvez, David, 2017. "ExRET-Opt: An automated exergy/exergoeconomic simulation framework for building energy retrofit analysis and design optimisation," Applied Energy, Elsevier, vol. 192(C), pages 33-58.
    2. Adrian Bejan & George Tsatsaronis, 2021. "Purpose in Thermodynamics," Energies, MDPI, vol. 14(2), pages 1-25, January.
    3. Khoshgoftar Manesh, M.H. & Navid, P. & Blanco Marigorta, A.M. & Amidpour, M. & Hamedi, M.H., 2013. "New procedure for optimal design and evaluation of cogeneration system based on advanced exergoeconomic and exergoenvironmental analyses," Energy, Elsevier, vol. 59(C), pages 314-333.
    4. Tsatsaronis, George, 2024. "The future of exergy-based methods," Energy, Elsevier, vol. 302(C).
    5. Lara, Yolanda & Petrakopoulou, Fontina & Morosuk, Tatiana & Boyano, Alicia & Tsatsaronis, George, 2017. "An exergy-based study on the relationship between costs and environmental impacts in power plants," Energy, Elsevier, vol. 138(C), pages 920-928.
    6. Zimmer, Tobias & Rudi, Andreas & Müller, Ann-Kathrin & Fröhling, Magnus & Schultmann, Frank, 2017. "Modeling the impact of competing utilization paths on biomass-to-liquid (BtL) supply chains," Applied Energy, Elsevier, vol. 208(C), pages 954-971.
    7. Picallo-Perez, Ana & Catrini, Pietro & Piacentino, Antonio & Sala, José-Mª, 2019. "A novel thermoeconomic analysis under dynamic operating conditions for space heating and cooling systems," Energy, Elsevier, vol. 180(C), pages 819-837.
    8. Gürbüz, Emine Yağız & Güler, Onur Vahip & Keçebaş, Ali, 2022. "Environmental impact assessment of a real geothermal driven power plant with two-stage ORC using enhanced exergo-environmental analysis," Renewable Energy, Elsevier, vol. 185(C), pages 1110-1123.
    9. Ahmadi, Pouria & Dincer, Ibrahim & Rosen, Marc A., 2011. "Exergy, exergoeconomic and environmental analyses and evolutionary algorithm based multi-objective optimization of combined cycle power plants," Energy, Elsevier, vol. 36(10), pages 5886-5898.
    10. Balli, Ozgur & Kale, Utku & Rohács, Dániel & Hikmet Karakoc, T., 2022. "Environmental damage cost and exergoenvironmental evaluations of piston prop aviation engines for the landing and take-off flight phases," Energy, Elsevier, vol. 261(PB).
    11. Lee, Young Duk & Ahn, Kook Young & Morosuk, Tatiana & Tsatsaronis, George, 2018. "Exergetic and exergoeconomic evaluation of an SOFC-Engine hybrid power generation system," Energy, Elsevier, vol. 145(C), pages 810-822.
    12. Blanco-Marigorta, Ana M. & Masi, Marco & Manfrida, Giampaolo, 2014. "Exergo-environmental analysis of a reverse osmosis desalination plant in Gran Canaria," Energy, Elsevier, vol. 76(C), pages 223-232.
    13. Gunarathne, Duleeka Sandamali & Mellin, Pelle & Yang, Weihong & Pettersson, Magnus & Ljunggren, Rolf, 2016. "Performance of an effectively integrated biomass multi-stage gasification system and a steel industry heat treatment furnace," Applied Energy, Elsevier, vol. 170(C), pages 353-361.
    14. Akbulut, Ugur & Utlu, Zafer & Kincay, Olcay, 2016. "Exergy, exergoenvironmental and exergoeconomic evaluation of a heat pump-integrated wall heating system," Energy, Elsevier, vol. 107(C), pages 502-522.
    15. Kanoglu, Mehmet & Ayanoglu, Abdulkadir & Abusoglu, Aysegul, 2011. "Exergoeconomic assessment of a geothermal assisted high temperature steam electrolysis system," Energy, Elsevier, vol. 36(7), pages 4422-4433.
    16. Wang, Qingqiang & Hou, Jili & Wei, Xing & Jin, Nan & Ma, Yue & Li, Shuyuan & Zhao, Yuchao, 2022. "Advanced exergoenvironmental analysis of the oil shale retorting process with SJ-type rectangular retort," Energy, Elsevier, vol. 260(C).
    17. Keçebaş, Ali, 2016. "Exergoenvironmental analysis for a geothermal district heating system: An application," Energy, Elsevier, vol. 94(C), pages 391-400.
    18. Sahraei, Mohammad Hossein & Farhadi, Fatola & Boozarjomehry, Ramin Bozorgmehry, 2013. "Analysis and interaction of exergy, environmental and economic in multi-objective optimization of BTX process based on evolutionary algorithm," Energy, Elsevier, vol. 59(C), pages 147-156.
    19. Huang, Yue & Zhu, Lin & He, Yangdong & Wang, Yuan & Hao, Qiang & Zhu, Yifei, 2023. "Carbon dioxide utilization based on exergoenvironmental sustainability assessment: A case study of CO2 hydrogenation to methanol," Energy, Elsevier, vol. 273(C).
    20. Boyaghchi, Fateme Ahmadi & Chavoshi, Mansoure & Sabeti, Vajiheh, 2018. "Multi-generation system incorporated with PEM electrolyzer and dual ORC based on biomass gasification waste heat recovery: Exergetic, economic and environmental impact optimizations," Energy, Elsevier, vol. 145(C), pages 38-51.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:169:y:2016:i:c:p:937-949. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.