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Thermoeconomic analysis of industrial systems. U Camdali and M Tunc. Journal of the Energy Institute, September 2004, Vol 77 No 512, pp 53-58.

Thermoeconomics combines principles drawn from the thermal sciences and the field of engineering economy for the purpose of rational decision-making in the operation of effective energy systems. The fundamentals of thermoeconomics and the role of exergy in thermoeconomic analysis are discussed. Thermoeconomic analysis is carried out for industrial systems with examples to illustrate important ideas in this discipline. Thermoeconomic analysis is applied to a rotary burner used in the cement sector and a pyrite reactor used in the pulp and paper industry in Turkey and the results obtained are discussed.

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