...A. Valero; L. Serra; J. Uche These two papers resume the theoretical background supporting the main ideas of the exergy cost accounting and the thermoeconomic approach followed by Valero and co-workers. Part I introduces the basic requirements, with a simple example accompanying the dissertations...

... inefficiencies; the local optimization process in case of special conditions for the whole plant, and the benefit maximization (a direct application of the exergy costs accounting analysis). The operation diagnosis, which is the most complex and sophisticated application, is presented with the help of an example...