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Economic analysis and optimization of energy technology based on the matrix model thermoeconomics theory

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Received: 14 January 2018 Accepted: 23 July 2018 The matrix model thermoeconomics theory has been widely applied in the energy technology analysis to optimize energy technologies, improve energy utilization efficiency… Click to show full abstract

Received: 14 January 2018 Accepted: 23 July 2018 The matrix model thermoeconomics theory has been widely applied in the energy technology analysis to optimize energy technologies, improve energy utilization efficiency and reduce pollutant emissions. This paper uses the matrix model thermoeconomics theory to analyze the thermodynamics and economics of the energy thermodynamic system, adopts the simulation technology for modelling and then gives an optimized strategy. According to the research results, the matrix model thermoeconomics theory takes into account both thermodynamics and economics when being applied to address energy technology problems, so the analysis is more comprehensive and accurate; the improved local-global decomposition optimization method (LGDO), by combining the advantages of both “global optimization” and “local optimization”, has the characteristics of fast convergence and low error, making it more applicable. Through this research, it can be found that the energy technology analysis based on the matrix model thermoeconomics theory is of important theoretical and practical significance in improving the energy utilization and core competitiveness of energy technologies in China.

Keywords: matrix model; model thermoeconomics; thermoeconomics theory; energy; energy technology; technology

Journal Title: International Journal of Heat and Technology
Year Published: 2018

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