Advanced exergoeconomic analysis with using modified productive structure analysis: An application for a real gas turbine cycle

In this study, advanced exergoeconomic analysis is performed for a gas turbine cycle located in Inchon/ South Korea. In addition, an approach combining advanced exergy analysis with modified productive structure analysis is applied to the system and the results are compared. Both methods showed that higher part of exergy destruction cost rate for overall system was unavoidable. The investment cost rate of system equipment was also unavoidable. Avoidable exergy destruction cost rate was higher than unavoidable part only for gas turbine. The exergy destruction cost rates obtained with approach are considerably lower than the results obtained with the advanced exergoeconomic analysis. This situation affected the strategies developed to obtain a cost-effective system for gas turbine. Advanced exergoeconomic analysis proposed reducing the exergy destruction cost rate for gas turbine. However, for gas turbine, the approach proposed reducing the investment cost rate. The sum of exergy destruction cost rate of system equipment was higher than that of overall system in advanced exergoeconomic analysis. However, the exergy destruction cost rate of overall system was equal to the sum of exergy destruction cost rate of system equipment in the approach. Finally, it can be concluded that the results obtained with the approach were more compatible. ? 2021 Elsevier Ltd. All rights reserved.