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Maximum-profit performance for generalized irreversible Carnot-engines

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  • Chen, Lingen
  • Sun, Fengrui
  • Wu, Chih

Abstract

The operation of a Newton's law system generalized irreversible Carnot-engine with heat resistance, heat leakage and internal dissipation is viewed as a production process with exergy as its output. The finite-time exergoeconomic performance optimization of the engine is investigated by taking the profit maximation criterion as the objective. The focus of this paper is to search the compromised optimization between economics (profit) and the utilization factor (efficiency) for finite-time irreversible cycles. The analytical formulae concerning optimal profit versus efficiency, the maximum profit and the corresponding efficiency are derived.

Suggested Citation

  • Chen, Lingen & Sun, Fengrui & Wu, Chih, 2004. "Maximum-profit performance for generalized irreversible Carnot-engines," Applied Energy, Elsevier, vol. 79(1), pages 15-25, September.
    • Handle: RePEc:eee:appene:v:79:y:2004:i:1:p:15-25
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    References listed on IDEAS

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    1. Wu, Chih & Chen, Lingen & Sun, Fengrui, 1996. "Effect of the heat transfer law on the finite-time, exergoeconomic performance of heat engines," Energy, Elsevier, vol. 21(12), pages 1127-1134.
    2. Berry, R. Stephen & Salamon, Peter & Heal, Geoffrey, 1978. "On a relation between economic and thermodynamic optima," Resources and Energy, Elsevier, vol. 1(2), pages 125-137, October.
    3. Wu, Chih & Kiang, Robert L., 1992. "Finite-time thermodynamic analysis of a Carnot engine with internal irreversibility," Energy, Elsevier, vol. 17(12), pages 1173-1178.
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    Cited by:

    1. Chen, Lingen & Yang, Bo & Feng, Huijun & Ge, Yanlin & Xia, Shaojun, 2020. "Performance optimization of an open simple-cycle gas turbine combined cooling, heating and power plant driven by basic oxygen furnace gas in China's steelmaking plants," Energy, Elsevier, vol. 203(C).
    2. Chen, Lingen & Li, Jun & Sun, Fengrui, 2008. "Generalized irreversible heat-engine experiencing a complex heat-transfer law," Applied Energy, Elsevier, vol. 85(1), pages 52-60, January.

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