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Global energy scenario requires thermal systems with higher efficiency and lower capital and operating cost. The paper deals with the thermoeconomic analysis of the gas turbine cycles with possible application as marine gas turbines. Thermoeconomic analysis of an energy conversion cycle is a combined study of thermodynamics and economics. Different configurations of gas turbine cycles have been analyzed using thermo-economic methodology keeping the gas turbine operating parameters (compressor pressure ratio, turbine inlet temperature, isentropic efficiencies of compressor & turbine etc fixed. Study has been carried out by considering appropriate objective function in a form of decision variables. This objective function combines both fuel cost and investment cost. Correlation functions having variables such as pressure ratio, isentropic efficiencies of compressor & turbine and turbine inlet temperature have been presented for obtaining capital cost for all equipments of the cycle.

This paper deals with effect of evaporative inlet air cooling on exergy and emission in basic gas turbine cycle. Inlet air cooled gas turbine based power plants are operational in various parts of the world. The article is an attempt to analyze thermodynamic and emission performance to these cycles. Rational efficiency of gas turbine for cooled inlet air at lower relative humidity is higher; also the exergy destruction in combustor is higher among all other components. For a fixed value of equivalence ratio, residence time, turbine-rotor-inlet temperature and two varying relative humidity effect of various values of compressor ratio on primary-zone-temperature, NOx, CO and UHC emission has been analyzed. It has been observed that the primary-zone-temperature and mass of NOX emission increases with increase in compressor pressure ratio whereas mass of CO and UHC emission decreases with increase in compressor pressure ratio.