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Thermoeconomic optimization of a heat pump system

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  • Wall, G.

Abstract

We present the application of thermoeconomics to the optimization of a single-stage heat-pump cycle. The method is well suited for application to thermodynamic processes and yields exergy losses. The marginal cost of an arbitrary variable can also be calculated. The efficiencies of the compressor, condenser, evaporator, and electric motor are chosen as the decision variables which are to be optimized. Parameters such as the price of electricity and the temperature of the delivered heat may vary among optimizations, and results are presented for different parameter values.

Suggested Citation

  • Wall, G., 1986. "Thermoeconomic optimization of a heat pump system," Energy, Elsevier, vol. 11(10), pages 957-967.
    • Handle: RePEc:eee:energy:v:11:y:1986:i:10:p:957-967
    DOI: 10.1016/0360-5442(86)90026-5
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    Cited by:

    1. Nima Javanshir & S. M. Seyed Mahmoudi & Marc A. Rosen, 2019. "Thermodynamic and Exergoeconomic Analyses of a Novel Combined Cycle Comprised of Vapor-Compression Refrigeration and Organic Rankine Cycles," Sustainability, MDPI, vol. 11(12), pages 1-20, June.
    2. Barthwal, Mohit & Dhar, Atul & Powar, Satvasheel, 2021. "The techno-economic and environmental analysis of genetic algorithm (GA) optimized cold thermal energy storage (CTES) for air-conditioning applications," Applied Energy, Elsevier, vol. 283(C).
    3. Lucia, Umberto, 2013. "Entropy and exergy in irreversible renewable energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 559-564.
    4. Meggers, Forrest & Ritter, Volker & Goffin, Philippe & Baetschmann, Marc & Leibundgut, Hansjürg, 2012. "Low exergy building systems implementation," Energy, Elsevier, vol. 41(1), pages 48-55.
    5. Xiong, Jie & Zhao, Haibo & Zhang, Chao & Zheng, Chuguang & Luh, Peter B., 2012. "Thermoeconomic operation optimization of a coal-fired power plant," Energy, Elsevier, vol. 42(1), pages 486-496.
    6. Lucia, Umberto, 2016. "Econophysics and bio-chemical engineering thermodynamics: The exergetic analysis of a municipality," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 421-430.
    7. Lucia, Umberto & Grisolia, Giulia, 2017. "Unavailability percentage as energy planning and economic choice parameter," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 197-204.
    8. 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.
    9. van de Bor, D.M. & Infante Ferreira, C.A., 2013. "Quick selection of industrial heat pump types including the impact of thermodynamic losses," Energy, Elsevier, vol. 53(C), pages 312-322.

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