Thermoeconomic analysis of gas turbine based cycles

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.