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Here, ̇̇ ̇̇ ̇ () (5.91) (5.91) (5.92) (5.93) ̇̇̇̇̇̇̇̇ ̇ () ̇ 5.5.3 Economic analysis of system I In order to perform the economic analysis and optimization of the three novel multigeneration systems, we should first define a purchase cost of each equipment used in the system as a function of some major design parameters. In this section, the cost function of each component and some economic parameters are defined and explained. 5.5.3.1 Investment cost of a gas turbine based multigeneration system Investment cost of equipment is most detailed and accurate when obtained from vendors of specific models. A useful handy comprehensive methods to express the investment cost is a detailed plot of mathematical function of the variation of cost with main parameters. Alternatively, these complex data and mathematical cost functions can be presented in an approximate and compact form as listed below: 5.5.3.1.1 Brayton cycle The investment cost of each component in the gas turbine cycle is given as follows: For air compressor Purchase cost of air compressor is a function of air mass flow rate, compressor pressure ratio and compressor isentropic efficiency the cost function can be expressible as follows [102]: () ̇ ()() (5.94) (5.95) 86PDF Image | Energy Systems for Multigeneration Purposes
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