• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.20 no.9
• /
• pp.624-630
• /
• 2008

When various kinds of outputs are produced from a single energy system, the methodology which allocates the common cost to each output cost is very important because it is directly related with the profit and loss of producers and purchasers. In the cost allocation methodology of the heat and the electricity on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, exergetic methods, and so on. On the other hand, we have proposed a worth method which can be applied to any system. The definition of this methodology is that the unit cost of a product is proportion to the worth. Where, worth is a certain evaluating basis that can equalize the worth of products. In this study, we applied worth method to a steam-turbine cogeneration which produces 22.2 MW of electricity and 44.4 Gcal/h of heat, and then we allocated 2,578 $/h of common cost to electricity cost and heat cost. Also, we compared with various cost allocation methods. As the result, we conclude that exergy of various kinds of worth basis evaluates the worth of heat and electricity most reasonably on this system.

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

• Proceedings of the SAREK Conference
• /
• 2008.11a
• /
• pp.351-356
• /
• 2008

When various kinds of outputs are produced from a single energy system, the methodology which allocates the common cost to each output cost is very important because it is directly related with the profit and loss of producers and purchasers. In the cost allocation methodology of the heat and the electricity on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, various exergetic methods, and so on. On the other hand, we have proposed a worth evaluation method which can be applied to any system. The definition of this methodology is that the unit cost of a product is proportion to the worth. Where, worth is a certain evaluating basis that can equalize the worth of products. In this study, we applied this methodology to a gas-turbine cogeneration which produces 119.2 GJ/h of electricity and 134.7 GJ/h of heat, and then we allocated 3,150 $/h of fuel cost to electricity cost and heat cost. Also, we compared with various cost allocation methods. As the result, we conclude that exergy of various kinds of worth basis evaluates the worth of heat and electricity most reasonably on this system.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.21 no.4
• /
• pp.252-259
• /
• 2009

When various kinds of outputs are produced from a single energy system, the methodology which allocates the common cost to each output cost is very important because it is directly related with the profit and loss of producers and purchasers. In the cost allocation methodology of the heat and the electricity on a cogeneration, there are energy method, work method, proportional method, benefit distribution method, various exergetic methods, and so on. On the other hand, we have proposed a worth evaluation method which can be applied to any system. The definition of this methodology is that the unit cost of a product is proportion to the worth. Where, worth is a certain evaluating basis that can equalize the worth of products. In this study, we applied this methodology to a gas-turbine cogeneration which produces 119.2 GJ/h of electricity and 134.7 GJ/h of steam, and then we allocated 3,150 $/h of fuel cost to electricity cost and steam cost. Also, we compared with various cost allocation methods. As the result, we conclude that reversible work of various kinds of worth basis evaluates the worth of heat and electricity most reasonably.

• Korean Chemical Engineering Research
• /
• v.59 no.1
• /
• pp.60-67
• /
• 2021

This study presented techno-economic analysis of a 500 MWe oxy-coal power plant with CO2 capture. The power plant included a circulating fluidized-bed (CFB), ultra-supercritical steam turbine, flue gas conditioning (FGC), air separation unit (ASU), and CO2 processing unit (CPU). The dry flue gas recirculation (FGR) was used to control the combustion temperature of CFB. One FGR heat exchanger, one heat exchanger for N2 stream exiting ASU, and a heat recovery from CPU compressor were considered to enhance heat efficiency. The decrease in the temperature difference (ΔT) of the FGR heat exchanger that means the increase in heat recovery from flue gas enhanced the electricity and exergy efficiencies. The annual cost including the FGR heat exchanger and FGC cooling water was minimized at ΔT = 10 ℃, where the electricity efficiency, total capital cost, total production cost, and return on investment were 39%, 1371 M$, 90 M$, and 7%/y, respectively.