The thermoeconomic analysis of gas turbine based cycles is presented and discussed in this paper. The thermoeconomic analysis has been performed using the ThermoEconomic Modular Program (TEMP V.5.0) developed by Agazzani and Massardo (1997). The modular structure of the code allows the thermoeconomic analysis for different scenarios (turbine inlet temperature, pressure ratio, fuel cost, installation costs, operating hours per year, etc.) of a large number of advanced gas turbine cycles to be obtained in a fast and reliable way. The simple cycle configuration results have been used to assess the cost functions and coefficient values. The results obtained for advanced gas turbine based cycles (inter-cooled, re-heated, regenerated and their combinations) are presented using new and useful representations: cost versus efficiency, cost versus specific work, and cost versus pressure ratio. The results, including productive diagram configurations, are discussed in detail and compared to one another. [S0742-4795(00)01903-7]

Issue Section:
Gas Turbines: Cycle Innovations
Keywords:
cost-benefit analysis, power system economics, gas turbine power stations
Topics:
Cycles, Gas turbines, Thermoeconomics
1.
Pilidis, P., and Mathieu, P., 1991, “The Use of Gaseous Fuels on Aeroderivative Gas Turbines,” ASME Paper 91-GT-44.
2.
Wilson, D. G., and Korakianitis, T., 1997, “The Design of High Efficiency Turbomachinery and Gas Turbines,” Prentice-Hall, Inc., Englewood Cliffs, NJ.
3.
Cohen, H., Rogers, G. F., and Saravanamuttoo, H. I. H., 1996, Gas Turbine Theory, Longman, UK.
4.
Agazzani, A., 1995, “Ottimizzazione termodinamica, economica e di impatto ambientale dei sistemi energetici,” Ph.D. thesis, University of Pisa.
5.
Agazzani
,
A.
, and
Massardo
,
A.
,
1997
, “
A Tool for Thermoeconomic Analysis and Optimization of Gas, Steam and Combined Plants
,”
ASME J. Eng. Gas Turbines Power
,
119
, pp.
885
–
892
.
6.
Agazzani
,
A.
,
Frangopoulos
,
C.
, and
Massardo
,
A.
,
1998
, “
Environmental Influence on the Thermoeconomic Optimization of a Combined Plant with Nox Abatement
,”
ASME J. Eng. Gas Turbines Power
,
120
, pp.
557
–
565
.
7.
Frangopoulos, C. A., 1983, “Thermoeconomic Functional Analysis: a Method for Optimal Design or Improvement of Complex Thermal System,” Ph.D. thesis, Georgia Institute of Technology, Atlanta, GA.
8.
Frangopoulos
,
C. A.
,
1994
, “
Application of Thermoeconomic Functional Approach to the CGAM problem
,”
Energy
,
19
, No.
3
, pp.
323
–
342
.
9.
Massardo, A., and Lubelli, F., 1998, “Internal Reforming Solid Oxide Fuel Cell—Gas Turbine Combined Cycles (IRSOFC-GT): Part A—Cell Model and Cycle Thermodynamic Analysis,” ASME Paper 98-GT-577.
10.
Scialo`, M., 1998, “Thermoeconomic Analysis of Power Plants Based on Gas Turbine Technology,” (in Italian), Master thesis, University of Genoa, Italy.
11.
Chemical Engineering, 1998, McGraw-Hill, New York.
12.
El-Sayed, Y. M., and Tribus, M., 1983, “Strategic Use of Thermoeconomics for System Improvement,” in Efficiency and Costing: Second Law Analysis of Processes, Gaggioli, R. A., ed., A.C.S. Symposium Series, No. 235, Washington, DC, pp. 215–239.
13.
Gas Turbine World Handbook, 1997, Gas Turbine World, 16,17,18, Pequot Publishing Inc., Fairfield, (USA).
14.
Bejan, A., Tsatsaronis, G., and Moran, M., 1996, Thermal Design and Optimization, Wiley, New York.
Copyright © 2000
 by ASME
You do not currently have access to this content.