IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v79y2004i1p15-25.html
   My bibliography  Save this article

Maximum-profit performance for generalized irreversible Carnot-engines

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306-2619(03)00230-7
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    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. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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).

    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. Chen, Lingen & Zhou, Jianping & Sun, Fengrui & Wu, Chih, 2004. "Ecological optimization for generalized irreversible Carnot engines," Applied Energy, Elsevier, vol. 77(3), pages 327-338, March.
    2. Chen, Lingen & Zhu, Xiaoqin & Sun, Fengrui & Wu, Chih, 2006. "Exergy-based ecological optimization of linear phenomenological heat-transfer law irreversible Carnot-engines," Applied Energy, Elsevier, vol. 83(6), pages 573-582, June.
    3. Chen, Lingen & Sun, Fengrui & Wu, Chih, 2005. "Thermo-economics for endoreversible heat-engines," Applied Energy, Elsevier, vol. 81(4), pages 388-396, August.
    4. Roma, Antonio & Pirino, Davide, 2009. "The extraction of natural resources: The role of thermodynamic efficiency," Ecological Economics, Elsevier, vol. 68(10), pages 2594-2606, August.
    5. Bob van der Zwaan & Reyer Gerlagh, 2004. "Climate Uncertainty and the Necessity to Transform Global Energy Supply," Working Papers 2004.95, Fondazione Eni Enrico Mattei.
    6. Marco A. Barranco-Jiménez & Israel Ramos-Gayosso & Marco A. Rosales & Fernando Angulo-Brown, 2009. "A Proposal of Ecologic Taxes Based on Thermo-Economic Performance of Heat Engine Models," Energies, MDPI, vol. 2(4), pages 1-15, November.
    7. Sieniutycz, Stanislaw, 2009. "Dynamic bounds for power and efficiency of non-ideal energy converters under nonlinear transfer laws," Energy, Elsevier, vol. 34(3), pages 334-340.
    8. 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.
    9. Xia, Shaojun & Chen, Lingen & Sun, Fengrui, 2011. "Power-optimization of non-ideal energy converters under generalized convective heat transfer law via Hamilton-Jacobi-Bellman theory," Energy, Elsevier, vol. 36(1), pages 633-646.
    10. Ares de Parga-Regalado, A.M. & Valencia-Ortega, G. & Barranco-Jiménez, M.A., 2023. "Thermo-economic optimization of irreversible Novikov power plant models including a proposal of dissipation cost," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 613(C).
    11. Meng, Fankai & Chen, Lingen & Sun, Fengrui, 2011. "A numerical model and comparative investigation of a thermoelectric generator with multi-irreversibilities," Energy, Elsevier, vol. 36(5), pages 3513-3522.
    12. Valencia-Ortega, G. & Levario-Medina, S. & Angulo-Brown, F. & Barranco-Jiménez, M.A., 2023. "Energetic optimization and local stability of heliothermal plant models under three thermo-economic performance regimes," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 613(C).
    13. Kaberger, Tomas & Mansson, Bengt, 2001. "Entropy and economic processes -- physics perspectives," Ecological Economics, Elsevier, vol. 36(1), pages 165-179, January.
    14. Long, Rui & Li, Baode & Liu, Zhichun & Liu, Wei, 2016. "Ecological analysis of a thermally regenerative electrochemical cycle," Energy, Elsevier, vol. 107(C), pages 95-102.
    15. van der Zwaan, Bob & Gerlagh, Reyer, 2006. "Climate sensitivity uncertainty and the necessity to transform global energy supply," Energy, Elsevier, vol. 31(14), pages 2571-2587.
    16. Chen, Qun & Wang, Moran & Pan, Ning & Guo, Zeng-Yuan, 2009. "Optimization principles for convective heat transfer," Energy, Elsevier, vol. 34(9), pages 1199-1206.
    17. Göktun, Selahattin, 1999. "Optimal performance of an irreversible, heat engine-driven, combined vapor compression and absorption refrigerator," Applied Energy, Elsevier, vol. 62(2), pages 67-79, February.
    18. Reyes-Ramírez, Israel & Barranco-Jiménez, Marco A. & Rojas-Pacheco, A. & Guzmán-Vargas, Lev, 2014. "Global stability analysis of a Curzon–Ahlborn heat engine using the Lyapunov method," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 399(C), pages 98-105.
    19. Geoffrey Heal, 2008. "Climate Economics: A Meta-Review and Some Suggestions," NBER Working Papers 13927, National Bureau of Economic Research, Inc.
    20. Zhou, Shengbing & Chen, Lingen & Sun, Fengrui & Wu, Chih, 2005. "Optimal performance of a generalized irreversible Carnot-engine," Applied Energy, Elsevier, vol. 81(4), pages 376-387, August.

    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:79:y:2004:i:1:p:15-25. 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.