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What is Thermoeconomics In the field of heterodox economics, the thermoeconomics school of thought, which is sometimes known as biophysical economics, is a school of thought that applies the laws of statistical mechanics to economic theory. A subfield of econophysics, thermoeconomics can be regarded of as the statistical physics of economic value. It is also another name for thermoeconomics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Thermoeconomics Chapter 2: Entropy Chapter 3: Pessimism Chapter 4: Thermodynamics Chapter 5: Ecological economics Chapter 6: Non-equilibrium thermodynamics Chapter 7: Irreversible process Chapter 8: Econophysics Chapter 9: Herman Daly Chapter 10: Steady-state economy Chapter 11: Heterodox economics Chapter 12: Ecodynamics Chapter 13: Energy quality Chapter 14: Robert Ayres (scientist) Chapter 15: Nicholas Georgescu-Roegen Chapter 16: Charles A. S. Hall Chapter 17: Eric Zencey Chapter 18: Degrowth Chapter 19: Bioeconomics Chapter 20: Mauro Bonaiuti Chapter 21: Vladimir Pokrovskii (II) Answering the public top questions about thermoeconomics. (III) Real world examples for the usage of thermoeconomics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of thermoeconomics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of thermoeconomics.
This book on energy physics and energy efficiency discusses two essential components of energy physics: the fundamentals and the criteria. It covers the historical basis of Carnot models, the thermostatic cycles of double-function heat pumps and the optimization of thermomechanical engines, and discusses the results of various investigations, bringing together a number of previous works. The latter half of this book introduces the concept of "Circular Thermoeconomics" and assesses the physical costs of recycling waste in increasingly complex industrial processes. It then goes on to present "Relative Free Energy", allowing us to create a new mathematical theory of thermodynamic costs in order to diagnose malfunctions in thermal systems. The book shows the progression of knowledge on the existence of successive energy, power and efficiency, and pairs this with the economic aspects, which are already becoming linked to growing environmental concerns.
Quantifying exergy losses in the energy supply system of buildings reveals the potential for energy improvement, which cannot be discovered using conventional energy analysis. Thermoeconomics combines economic and thermodynamic analysis by applying the concept of cost (an economic concept) to exergy, as exergy is a thermodynamic property fit for this purpose, in that it combines the quantity of energy with its quality factor. Exergy Analysis and Thermoeconomics of Buildings applies exergy analysis methods and thermoeconomics to the built environment. The mechanisms of heat transfer throughout the envelope of buildings are analyzed from an exergy perspective and then to the building thermal installations, analyzing the different components, such as condensing boilers, absorption refrigerators, microcogeneration plants, etc., including solar installations and finally the thermal facilities as a whole. A detailed analysis of the cost formation process is presented, which has its physical roots firmly planted in the second law of thermodynamics. The basic principles and the rules of cost allocation, in energy units (exergy cost), in monetary units (exergoeconomic cost), and in CO2 emissions (exergoenvironmental cost), based on the so-called Exergy Cost Theory are presented and applied to thermal installations of buildings. Clear and rigorous in its exposition, Exergy Analysis and Thermoeconomics of Buildings discusses exergy analysis and thermoeconomics and the role they could play in the analysis and design of building components, either the envelope or the thermal facilities, as well as the diagnosis of thermal installations. This book moves progressively from introducing the basic concepts to applying them. Exergy Analysis and Thermoeconomics of Buildings provides examples of specific cases throughout this book. These cases include real data, so that the results obtained are useful to interpret the inefficiencies and losses that truly occur in actual installations; hence, the assessment of their effects encourages the manner to improve efficiency. Applies exergy analysis methods for the installation of building thermal facilities equipment components, including pipes, valves, heat exchangers, boilers and heat pumps Helps readers determine the operational costs of heating and cooling building systems Includes exergy analysis methods that are devoted to absorption refrigerators, adsorption cooling systems, basic air conditioning processes, ventilation systems and solar systems, either thermal and PV Discusses the direct application of exergy analysis concepts, including examples of buildings with typical heating, DHW and air conditioning installations
The Thermoeconomics of Energy Conversions presents the developed methodologies that reveal the cost effectiveness of energy-resource-saving ideas design. This book discusses the theory of thermoeconomics. Organized into nine chapters, this book begins with an overview of the foundation of the design analysis of systems that use or produce useful forms of energy. This text then examines the rational basis for costing energy conversion devices for the purpose of optimal system design. Other chapters consider the enhancement of system optimization. This book discusses as well the significance of the design models of energy conversion devices as rich resources for predicting both their costs and overall performance of their system. The final chapter deals with the software of the accompanying compact disc. This book is a valuable resource for engineers and scientists who are involved in the development of efficient energy conversion systems. Students, system designers, and device designers will also find this book useful.
This book stems from peer-reviewed work the author has published in energy and scientific journals, and follow-up working papers produced on the many links between economics, energy and thermodynamics. Topics covered in this third edition of the book include the gas laws, the distribution of income, the 1st and 2nd Laws of Thermodynamics applied to economics, economic processes and elasticity, entropy and utility, production processes, empirical monetary and employment analysis of the UK and USA economies up to 2011, interest rates, investment and discounted cash flow, bond yield and spread, unemployment, entropy maximization principles, business cycles and reaction kinetics. A chapter is devoted to in-depth analyses of world energy resources and climate change as factors that will impact on economic output. The book finishes with a discussion of the future sustainability of the economic system commensurate with prevailing constraints. The book is aimed at the professional/scholarly and further/higher education economics and science markets
Exergy, Energy System Analysis, and Optimization theme is a component of the Encyclopedia of Energy Sciences, Engineering and Technology Resources which is part of the global Encyclopedia of Life Support Systems (EOLSS), an integrated compendium of twenty one Encyclopedias. These three volumes are organized into five different topics which represent the main scientific areas of the theme: 1. Exergy and Thermodynamic Analysis; 2. Thermoeconomic Analysis; 3. Modeling, Simulation and Optimization in Energy Systems; 4. Artificial Intelligence and Expert Systems in Energy Systems Analysis; 5. Sustainability Considerations in the Modeling of Energy Systems. Fundamentals and applications of characteristic methods are presented in these volumes. These three volumes are aimed at the following five major target audiences: University and College Students, Educators, Professional Practitioners, Research Personnel and Policy Analysts, Managers, and Decision Makers and NGOs.
Mechanical Engineering, Energy Systems and Sustainable Development theme is a component of Encyclopedia of Physical Sciences, Engineering and Technology Resources in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty one Encyclopedias. The Theme on Mechanical Engineering, Energy Systems and Sustainable Development with contributions from distinguished experts in the field discusses mechanical engineering - the generation and application of heat and mechanical power and the design, production, and use of machines and tools. These five volumes are aimed at the following five major target audiences: University and College Students Educators, Professional Practitioners, Research Personnel and Policy Analysts, Managers, and Decision Makers, NGOs and GOs.
A comprehensive and rigorous introduction to thermal system designfrom a contemporary perspective Thermal Design and Optimization offers readers a lucid introductionto the latest methodologies for the design of thermal systems andemphasizes engineering economics, system simulation, andoptimization methods. The methods of exergy analysis, entropygeneration minimization, and thermoeconomics are incorporated in anevolutionary manner. This book is one of the few sources available that addresses therecommendations of the Accreditation Board for Engineering andTechnology for new courses in design engineering. Intended forclassroom use as well as self-study, the text provides a review offundamental concepts, extensive reference lists, end-of-chapterproblem sets, helpful appendices, and a comprehensive case studythat is followed throughout the text. Contents include: * Introduction to Thermal System Design * Thermodynamics, Modeling, and Design Analysis * Exergy Analysis * Heat Transfer, Modeling, and Design Analysis * Applications with Heat and Fluid Flow * Applications with Thermodynamics and Heat and Fluid Flow * Economic Analysis * Thermoeconomic Analysis and Evaluation * Thermoeconomic Optimization Thermal Design and Optimization offers engineering students,practicing engineers, and technical managers a comprehensive andrigorous introduction to thermal system design and optimizationfrom a distinctly contemporary perspective. Unlike traditionalbooks that are largely oriented toward design analysis andcomponents, this forward-thinking book aligns itself with anincreasing number of active designers who believe that moreeffective, system-oriented design methods are needed. Thermal Design and Optimization offers a lucid presentation ofthermodynamics, heat transfer, and fluid mechanics as they areapplied to the design of thermal systems. This book broadens thescope of engineering design by placing a strong emphasis onengineering economics, system simulation, and optimizationtechniques. Opening with a concise review of fundamentals, itdevelops design methods within a framework of industrialapplications that gradually increase in complexity. Theseapplications include, among others, power generation by large andsmall systems, and cryogenic systems for the manufacturing,chemical, and food processing industries. This unique book draws on the best contemporary thinking aboutdesign and design methodology, including discussions of concurrentdesign and quality function deployment. Recent developments basedon the second law of thermodynamics are also included, especiallythe use of exergy analysis, entropy generation minimization, andthermoeconomics. To demonstrate the application of important designprinciples introduced, a single case study involving the design ofa cogeneration system is followed throughout the book. In addition, Thermal Design and Optimization is one of the best newsources available for meeting the recommendations of theAccreditation Board for Engineering and Technology for more designemphasis in engineering curricula. Supported by extensive reference lists, end-of-chapter problemsets, and helpful appendices, this is a superb text for both theclassroom and self-study, and for use in industrial design,development, and research. A detailed solutions manual is availablefrom the publisher.