Thermoeconomic Analysis and Design of a Cogeneration System.

Decentralized design methods will always greatly facilitate the optimum design of large engineering systems whenever a High Degree of Decentralization, H.D.D., is achieved. H.D.D. allows the optimization of each component by itself without significantly sacrificing the overall system optimum. In this paper primary engineering component costing expressions are introduced, resulting in a significant H.D.D. - called primary decentralization - for the design of a gas turbine with cogeneration by a steam power bottoming cycle. These cost expressions are a compromise between simplicity and a representative model for engineering component costing.