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Original scientific paper
https://doi.org/d8.0336

Techno-Economic Model for a Quick Preliminary Feasibility Evaluation of Organic Rankine Cycle Applications

Aleš Hribernik   ORCID icon orcid.org/0000-0002-2653-6458 ; Faculty of Mechanical Engineering, University of Maribor, Smetanova 17, Maribor, Slovenia
Tanja Markovič Hribernik ; Faculty of Economics and Business, University of Maribor, Razlagova 14, Maribor, Slovenia

Fulltext: english, pdf (342 KB) pages 6-0 downloads: 53* cite
APA 6th Edition
Hribernik, A. & Markovič Hribernik, T. (2021). Techno-Economic Model for a Quick Preliminary Feasibility Evaluation of Organic Rankine Cycle Applications. Journal of Sustainable Development of Energy, Water and Environment Systems, 9 (1), 6-0. Retrieved from https://hrcak.srce.hr/246300
MLA 8th Edition
Hribernik, Aleš and Tanja Markovič Hribernik. "Techno-Economic Model for a Quick Preliminary Feasibility Evaluation of Organic Rankine Cycle Applications." Journal of Sustainable Development of Energy, Water and Environment Systems, vol. 9, no. 1, 2021, pp. 6-0. https://hrcak.srce.hr/246300. Accessed 22 Jan. 2021.
Chicago 17th Edition
Hribernik, Aleš and Tanja Markovič Hribernik. "Techno-Economic Model for a Quick Preliminary Feasibility Evaluation of Organic Rankine Cycle Applications." Journal of Sustainable Development of Energy, Water and Environment Systems 9, no. 1 (2021): 6-0. https://hrcak.srce.hr/246300
Harvard
Hribernik, A., and Markovič Hribernik, T. (2021). 'Techno-Economic Model for a Quick Preliminary Feasibility Evaluation of Organic Rankine Cycle Applications', Journal of Sustainable Development of Energy, Water and Environment Systems, 9(1), pp. 6-0. Available at: https://hrcak.srce.hr/246300 (Accessed 22 January 2021)
Vancouver
Hribernik A, Markovič Hribernik T. Techno-Economic Model for a Quick Preliminary Feasibility Evaluation of Organic Rankine Cycle Applications. Journal of Sustainable Development of Energy, Water and Environment Systems [Internet]. 2021 [cited 2021 January 22];9(1):6-0. Available from: https://hrcak.srce.hr/246300
IEEE
A. Hribernik and T. Markovič Hribernik, "Techno-Economic Model for a Quick Preliminary Feasibility Evaluation of Organic Rankine Cycle Applications", Journal of Sustainable Development of Energy, Water and Environment Systems, vol.9, no. 1, pp. 6-0, 2021. [Online]. Available: https://hrcak.srce.hr/246300. [Accessed: 22 January 2021]

Abstracts
The investment decision support tool was developed, which can be applied to check the technical feasibility and economic viability of an Organic Rankine Cycle system, and to select the appropriate working fluid, based only on basic information on the waste heat source, i.e. source temperature and mass (heat) flow rate. Two profitability criteria,
Net Present Value and Payback Period, were introduced for economic evaluation, while an Organic Rankine Cycle design correlations-based model was developed, and applied for prediction of technical parameters and components’ design estimation. Validation performed with the previously published data confirmed model accuracy in spite of its simplicity. The model gave quick answers, and was incorporated successfully into a decision algorithm, which was supported by a set of system component design and cost functions, and could serve as an effective tool for preliminary feasibility evaluation of any proposed Organic Rankine Cycle based waste heat recovery system. An example
of model application over the broad range of waste heat source temperatures is presented and the results discussed in order to show its basic capabilities.

Keywords
Waste heat utilization; Organic Rankine Cycle; Thermodynamic model; Economic evaluation; Investment decision support tool.

Hrčak ID: 246300

URI
https://hrcak.srce.hr/246300

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