Cost efficiency measures the cost of resource by output production. While conventional cost efficiency models set targets separately for each DMU, There are cases where the Central decision making is seeking the above targets, and at the same tries to obtain the target of Min cost efficiency for the total consumption. in this paper we consider that there is a centralized decision maker (DM). In...

The present study investigates the impact of various factors affecting coal-fired power plant economics of 210 MW subcritical unit situated in north India for electricity generation. In this paper, the cost data of various units of thermal power plant in terms of power output capacity have been fitted using power law with the help of the data collected from a literature search. To have a realis...

at many circumstances, in heat exchange processes several exchangers were used with different cost laws due to their pressure ratings, materials of construction and exchange3r types. in such circumstances traditional methods of pinch technology can not be led to minimum total annual cost may cause some other disadvantages like more complexity or higher maintenance. in this research work a new a...

In this paper a gas turbine power plant including air preheater (recuperator), heat recovery steam generator and air cooler system was modeled. Eight parameters were selected as the design variables.  Fast and elitist non-dominated sorting genetic algorithm (NSGA-II) was applied (to maximize the exergy efficiency and to minimize the total cost rate) for the mentioned cogeneration system. Th...

the present research proposes and optimizes the performance of a novel solar-driven combined cooling, heating, and power (cchp) kalina system for two seasons—winter and summer—based on exergy, exergo-economic, and exergo-environmental concepts applying a non-dominated sort genetic algorithm-ii (nsga-ii) technique. three criteria, i.e. daily exergy efficiency, total product cost rate, and total ...