• Proceedings of the KSME Conference
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• 2000.04b
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• pp.871-878
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• 2000

Exergetic and thermoeconomic analysis were performed for a 500-MW combined cycle plant and a 137-MW steam power plant without decomposition of exergy stream of matter into thermal and mechanical exergies. The calculated costs of electricity are almost same within 0.5% as those obtained by the thermoeconomic method with decomposition of exergy into thermal and mechanical exergies of the combined cycle plant. However for the gas-turbine cogeneration plant having different kinds of products. the difference in the unit costs of products, obtained from the two methodologies is about 2%. Such outcome indicates that the level at which the cost balances are formulated does not affect the result of thermoeconomic analysis, that is somewhat contradictory to that concluded previously.

• Proceedings of the KSME Conference
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• 2001.06d
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• pp.689-696
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• 2001

Exergetic and thermoeconomic analysis were performed for a 200kW Phosphoric Acid Fuel Cell(PAFC) plant which offers many advantage for cogeneration in the aspect of high electrical efficiency and low emission. This analytical study was based on the data obtained by in-field measurement of PC25 fuel cell plant to find whether this system is viable economically. For 100% load condition, the electrical efficiency and the unit cost of electricity are about 45% and 0.032 $/kWh respectively, which turn out to be much better than those for the 1000kW gas turbine cogeneration plant. Further, at lower loads, the unit costs of electricity and hot water increase slightly and consequently more economic operation is possible at any loads.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.27 no.1
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• pp.76-83
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• 2003

Exergetic and thermoeconomic analyses were performed fer a 137-MW steam power plant. In these analyses, mass and energy conservation laws were applied to each component of the system. Quantitative balance of the exergy and exergetic cost for each component, and for the whole system was carefully considered. The exergo-economic model, which represented the productive structure of the system was used to visualize the cost formation process and the productive interaction between components. The computer program developed in this study can determine production costs of power plants, such as gas-and steam-turbines plants and gas-turbine cogeneration plants. The program can also be used to study plant characteristics, namely, thermodynamic performance and sensitivity to changes in process and/or component design variables.

• Proceedings of the KSME Conference
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• 2000.11b
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• pp.222-227
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• 2000

At representative thermoeconomic theory to determine the unit cost of multiple products, there are the $\ulcorner$SPECO$\lrcorner$ method of Tsatsaronis's study group and the $\ulcorner$MOPSA$\lrcorner$ method of chung-ang university phase laboratory. Against this theory, we propose new theory called $\ulcorner$Thermoeconomics to divide the exergetic cost into each working fluid$\lrcorner$ in this study. Also, we apply new thermoeconomic theory to CGAM problem (30MW-grade imaginary gas turbine cogeneration power plant) that it is representative power system in thermoeconomics theory, and we fixed to interpreted the unit cost of electricity on the part of gas turbine and the unit cost of steam exergy(enthalpy) on the part of HRSG.

• Proceedings of the SAREK Conference
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• 2009.06a
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• pp.315-320
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• 2009

Thermoeconomics or exergoeconomics can be classified into the three fields of cost estimating, cost optimization, and internal cost analysis. The objective of cost estimating is to estimate each unit cost of product and allocate each cost flow of product such as electricity or hot water. The objective of optimization is to minimize the input costs of capital and energy resource or maximize the output costs of products under the given constraints. The objective of internal cost analysis is to find out the cost formation process and calculate the amount of cost flow at each state, each component, and overall system. In this study, a new thermoeconomic methodology was proposed in the three fields. The proposed methodology is very simple and obvious. That is, the equation is only each one, and there are no auxiliary equations. Any energy including enthalpy and exergy can be applied and evaluated by this equation. As a new field, the cost allocation methodology on cool air or hot air produced from an air-condition system was proposed. Extending this concept, the proposed methodology can be applied to any complex system.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.38 no.9
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• pp.721-729
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• 2014

A hybrid desiccant cooling system (HDCS) that uses a heat pump driven by district heating instead of a sensible rotor can provide an increased energy efficiency in summer. In this paper, the summer operation costs and initial costs of both the HDCS and traditional systems are analyzed using annual equal payments, and national benefits are found from using the HDCS instead of traditional systems. In the analysis results, the HDCS reduces the operation cost by 30 compared to the traditional systems, and each HDCS unit has 0.079 TOE per year of primary energy savings and 0.835 $TCO_2$ per year of $CO_2$ emission reduction more than the traditional systems. If HDCSs were to be installed in 680,000 households by 2020, this would produce a replacement power effect of 463 MW. Despite this savings effect, HDCSs require a government subsidy before they can be supplied because the initial cost is higher than that of traditional systems. Thus, this paper calculates suitable subsidies and suggests a supply method for HDCSs considering the national benefits.