Advance Exergo-Economic Analysis of a Waste Heat Recovery System Using ORC for a Bottoming Natural Gas Engine

: This manuscript presents an advanced exergo-economic analysis of a waste heat recovery system based on the organic Rankine cycle from the exhaust gases of an internal combustion engine. Di ﬀ erent operating conditions were established in order to ﬁnd the exergy destroyed values in the components and the desegregation of them, as well as the rate of fuel exergy, product exergy, and loss exergy. The component with the highest exergy destroyed values was heat exchanger 1, which is a shell and tube equipment with the highest mean temperature di ﬀ erence in the thermal cycle. However, the values of the fuel cost rate (47.85 USD / GJ) and the product cost rate (197.65 USD / GJ) revealed the organic ﬂuid pump (pump 2) as the device with the main thermo-economic opportunity of improvement, with an exergo-economic factor greater than 91%. In addition, the component with the highest investment costs was the heat exchanger 1 with a value of 2.769 USD / h, which means advanced exergo-economic analysis is a powerful method to identify the correct allocation of the irreversibility and highest cost, and the real potential for improvement is not linked to the interaction between components but to the same component being studied.


Introduction
In thermodynamics systems, the irreversibility in the components of the system produce exergy destruction, and the continuous improvement of the performance of energy conversion systems based on exergy analysis has been a priority among researchers in this field of study [1], from energy analysis of the thermal systems [2] and trigeneration systems [3]. However, from all the information available with these traditional analyses, there is no relevant development on the analysis carried out with this methods to make further improvements to the components of a system [4], so advanced analyses and economic analysis are proposed to facilitate the thermal and economic improvement of the system.
In recent years, new concepts of exergy, such as endogenous/exogenous and avoidable/ unavoidable exergy destruction, have been employed to obtain relevant information for the identification of irreversibilities and thermodynamic inefficiencies in the systems [5]. In any thermodynamic system, the exergy destruction in the components can be generated in two ways. The first is due to the irreversibilities of the component under study, which is called endogenous exergy destruction, while the second is due to the irreversibilities of the other components that affect the component under study; this is called exogenous exergy destruction [6]. Thus, its optimization process will depend on the In addition, comparative studies have been carried out on different configurations of waste heat recovery cycles integrated to gas engines [18] and applications, such as Petrakopoulou et al. [19], where the first application of an exergo-economic analysis in a CO 2 capture power plant was evaluated, revealing that the costs associated with exergy and investment analyses are endogenous for most components, where it proposed a suggestion for improving some components, such as the reactor, expander, and compressor. The literature review shows the case of a polygeneration plant operating in a geothermal cascade system coupled to an organic Rankine cycle that produces 40 kWe, where improvement potentials were found in the ORC cycle (10.61 kW) and heat exchanger (2.28 kW), while the exergo-economic analysis revealed an electricity production cost of 7.78 $/h and the advanced exergo-economic analysis suggests that the plant heat exchanger is the component with the greatest opportunity to reduce the exergy destruction of the heat exchanger equipment [20].
Another application was in a combined steam-organic Rankine cycle to recover waste heat from a gas turbine, where an exergo-economic analysis was performed using three different organic fluids (R124, R152a, and R34a), obtaining that the maximum exergy efficiency and the minimum rate of product costs are 57.62% and 396 $/h, respectively. In addition, the parametric study was complemented with genetic algorithm optimization, where it was obtained that the combined cycle with R152a has the best performance from the thermodynamic and exergo-economic point of view among the fluids analyzed [21].
Advanced exergetic analyses have focused on the ORC cycle, taking into account the advantage of adapting this cycle to another thermal system for different applications, such as waste heat recovery [22], thermodynamic optimization [23], and emergy analysis [24]. Also, several works have combined these studies to obtain improvement potentials. In applications in turbocharged combustion engines, conventional exergetic analysis gives the evaporator and the expander priority improvement potential while advanced exergy analysis suggests the expander and pump as a priority, and the cycle exergy destruction can be reduced by 36.5% [25]. For applications of advanced exergo-economic analysis taking into account waste heat recovery in geothermal applications, low-temperature solar applications, and waste heat recovery from engine gases, the exergetic efficiency of the ORC improves by 20%, optimizing the system through advanced exergetic analysis and proposing the expander, evaporator, condenser, and pump as improvement potentials. Different organic fluids have been tested in the ORCs to improve their performance, obtaining that pentane, cyclohexane, iso-butene, iso-pentane, and cyclohexane have the highest avoidable endogenous cost corresponding to the heat sources evaluated. In addition, the avoidable endogenous cost is sensitive to the heat source temperature, and it is possible to reduce the heat source temperature increase from 100 to 150 • C by 28% [26]. Therefore, it has been identified that advanced exergetic and thermo-economic analysis is one of the alternatives to achieve technically and economically favorable operating conditions, and to achieve its application in real conditions.
In response to the inadequate management of energy resources in industrial processes, there is a need to improve the efficiency of equipment and processes, in addition to reducing the environmental impact. Thus, the energy recovery of the exhaust line of the natural gas generation engines is one of the alternatives to increase the thermal efficiency of these systems [27]. However, this issue has been approached from different approaches but not articulated with alternative generation systems, which leads to an enormous scientific impact since if it is true that different ORC configurations have been studied, these have not been studied from an advanced exergetic point of view and integrated with thermo-economic modeling in real contexts of operation of stationary high-power natural gas turbocharged engines as a means of heat recovery, in order to obtain technically and economically viable solutions that allow their commercial application [28].
Thus, the main contribution of this work was to perform an advanced thermo-economic analysis of an organic Rankine cycle for a bottoming natural gas engine, and its respective comparison with the results obtained with conventional exergetic and exergo-economic analyses. The analysis of the irreversibilities of each component is presented, and the possible improvements to the cycle are Energies 2020, 13, 267 4 of 18 found using the concepts of endogenous/exogenous and avoidable/unavoidable exergy destruction, combinined with the exergo-economic analysis, thus finding the advance cost rate improvement opportunities for each component based on the irreversibilities of the thermal system.

Description of the Cycle
The cycle to be analyzed can be seen in Figure 1. The natural gas generation engine operates with an air/natural gas mixture, which is compressed before it enters the cylinders to improve the engine's thermal performance. The exhaust gases are expanded by means of a turbo compressor flow S1 (708 K, 102 kPa), where energy is transferred by means of the heat exchanger 1 (HX1) to the thermal oil in stream S5, and discharged to the environment in stream S2. The thermal oil circulates through the energy supplied by the thermal oil pump (P1), and the hot fluid coming out of HX1 in stream S3 (616 K, 101.4 kPa) operates as a thermal source to evaporate and reheat through the heat exchanger 2 (HX2) the organic fluid, which is toluene in this case study. The maximum values of thee pressure and temperature of the organic Rankine cycle are presented in the turbine inlet (546 K, 675 kPa), where the organic fluid then expands into the S7 stream (475 K, 22 kPa) in the turbine (T1), generating additional energy without increasing the fuel consumption. To complete the thermal cycle, the organic fluid decreases the pressure to its lowest point, passing to the condensation stage from S7 to S8 (338 K, 675 kPa).

Description of the Cycle
The cycle to be analyzed can be seen in Figure 1. The natural gas generation engine operates with an air/natural gas mixture, which is compressed before it enters the cylinders to improve the engine's thermal performance. The exhaust gases are expanded by means of a turbo compressor flow S1 (708 K, 102 kPa), where energy is transferred by means of the heat exchanger 1 (HX1) to the thermal oil in stream S5, and discharged to the environment in stream S2. The thermal oil circulates through the energy supplied by the thermal oil pump (P1), and the hot fluid coming out of HX1 in stream S3 (616 K, 101.4 kPa) operates as a thermal source to evaporate and reheat through the heat exchanger 2 (HX2) the organic fluid, which is toluene in this case study. The maximum values of thee pressure and temperature of the organic Rankine cycle are presented in the turbine inlet (546 K, 675 kPa), where the organic fluid then expands into the S7 stream (475 K, 22 kPa) in the turbine (T1), generating additional energy without increasing the fuel consumption. To complete the thermal cycle, the organic fluid decreases the pressure to its lowest point, passing to the condensation stage from S7 to S8 (338 K, 675 kPa).  Figure 2, with its technical specifications and nominal operating conditions [29]. This engine operates with natural gas as fuel, since its high robustness allows it to better adapt to variable load regimes. This engine is widely used for self-generation purposes worldwide and is installed in a company of the plastic sector in the city of Barranquilla, Colombia without any waste heat recovery system. The engine regulates fuel consumption to operate between a minimum load of 1000 kWe and a maximum load of 1982 kWe, with an excess air number (lambda) of 1.79 and 1.97, respectively, generating unused exhaust gases in each of its 12 cylinders with a temperature ranging from 580 to 650 °C.  Figure 2, with its technical specifications and nominal operating conditions [29]. This engine operates with natural gas as fuel, since its high robustness allows it to better adapt to variable load regimes. This engine is widely used for self-generation purposes worldwide and is installed in a company of the plastic sector in the city of Barranquilla, Colombia without any waste heat recovery system. The engine regulates fuel consumption to operate between a minimum load of 1000 kWe and a maximum load

Energy and Exergy Analyses
The exergy analysis is defined from the second law of thermodynamics, which means that, unlike the analysis of energy, it depends on the ambient temperature and pressure in which the process in study operates, which allows any system to be investigated in changing environmental conditions. The following assumptions were considered to develop thermodynamic modeling of the RORC:

•
The thermal process and component subsystems were assumed as a steady state condition.

•
All thermal devices were assumed in adiabatic conditions. • The pressure drops in the waste heat recovery based on ORC devices and pipelines were neglected.

•
The reference temperature for the physical and chemical exergy calculations was 288 K.
The global equation of exergy balance, valid for any volume control system, is shown in Equation (1) [21]: where is the exergy of heat transfer in kW, is the mass flow in kg/s, is the specific entropy in · , is the power in kW, and , is the exergy destruction [30]. The exergy by heat transfer at temperature T is defined according to Equation (2) [31]: The exergy of a fluid flow stream is defined as the energy power of the fluid flow, with the mass flow ratio of the fluid flow and the pressure and temperature of the fluid flow being necessary, as well as knowing the environmental conditions (pressure and temperature) in which the fluid flow operates [32]. Therefore, the exergetic power of the fluid flow stream was calculated according to Equation (3): where the specific exergy ( ) was calculated according to Equation (4) [33]: Therefore, the exergy efficiency ( ) for a thermal system was calculated according to Equation (5), as a function of the exergy output ( ) and exergy input ( ) to the system or device:

Energy and Exergy Analyses
The exergy analysis is defined from the second law of thermodynamics, which means that, unlike the analysis of energy, it depends on the ambient temperature and pressure in which the process in study operates, which allows any system to be investigated in changing environmental conditions. The following assumptions were considered to develop thermodynamic modeling of the RORC:

•
The thermal process and component subsystems were assumed as a steady state condition.

•
All thermal devices were assumed in adiabatic conditions. • The pressure drops in the waste heat recovery based on ORC devices and pipelines were neglected.

•
The reference temperature for the physical and chemical exergy calculations was 288 K.
The global equation of exergy balance, valid for any volume control system, is shown in Equation (1) [21]: where . X heat is the exergy of heat transfer in kW, . m is the mass flow in kg/s, ε is the specific entropy in kJ·K kg , P is the power in kW, and . E ex, D is the exergy destruction [30]. The exergy by heat transfer at temperature T is defined according to Equation (2) [31]: The exergy of a fluid flow stream is defined as the energy power of the fluid flow, with the mass flow ratio of the fluid flow and the pressure and temperature of the fluid flow being necessary, as well as knowing the environmental conditions (pressure and temperature) in which the fluid flow operates [32]. Therefore, the exergetic power of the fluid flow stream was calculated according to Equation (3): where the specific exergy (ε i ) was calculated according to Equation (4) [33]: Energies 2020, 13, 267 6 of 18 Therefore, the exergy efficiency (η ex ) for a thermal system was calculated according to Equation (5), as a function of the exergy output ( . E out ) and exergy input ( . E in ) to the system or device: Some energy and exergy performance indicators were calculated for the waste heat recovery system based on the ORC [34], cycle thermal cycle efficiency (η I, c ), calculated according to Equation (6); the heat recovery efficiency (ε hr ) as shown in Equation (7); and the overall energy conversion efficiency η I, overall , given by Equation (8) [20]: η I, overall = η I, C ·ε hr .
In addition, to measure the thermal efficiency improvement, the increase in thermal efficiency was calculated through Equation (9), as a function of the net power generated by the ORC ( . W net ), and the heat supplied by the fuel mass rate ( . m f uel ): The specific fuel consumption (BSFC) was calculated by the mean of Equation (10) [20], and the absolute reduction in the specific fuel consumption as a consequence of the waste heat recovery was calculated as presented in Equation (11):

Advanced Exergetic Analysis
In advanced exergetic analysis, the values of exergy destruction are divided into four basic parts: Endogenous, exogenous, avoidable, and unavoidable exergy destruction. Avoidable and unavoidable exergy destruction refers to the system improvement potentials. The destruction of avoidable exergy, . E D,c AV , represents the potential for improvement, during the destruction of unavoidable exergy, . E D,c UN , which represents the limitations. The avoidable part of exergy destruction is described in Equation (12): where the destruction of unavoidable exergy can be calculated with Equation (13): are related to the operational relation between the components of the system. The endogenous part of the exergy destruction is associated only with the irreversibilities that occur in component c, where all the other components operate ideally, and component c operates with its real conditions. On the other hand, the exogenous part of the exergy destruction is produced by the other components. This part can be determined by subtracting the endogenous exergy destruction from the real exergy destruction of component c, as shown in Equation (14): In addition, the destruction of unavoidable endogenous exergy, , by mean of Equation (18) [7]: . . .

Conventional Exergo-Economic Analysis
Exergetic analyses are used to determine the location, type, and magnitude of thermodynamic inefficiencies in system components. On the other hand, exergo-economic analyses combine the concept of exergy and economic analyses to obtain a tool for the optimization of energy systems [4]. In addition, the economic model takes into account the components' cost, including amortization, maintenance, and fuel costs. To define a cost function that depends on interest optimization parameters, the cost of components must be expressed in terms of thermodynamic design parameters. The cost balance equations applied to component c of the system under study show that the sum of rates associated with all outgoing exergy flows equals the sum of cost rates of all incoming exergy flows, plus those corresponding to charges due to capital investment and operating and maintenance costs, as shown in Equation (19) [12]: where the cost rates of input exergy flow ( (20), the cost rates of output exergy flow in Equation (21), the heat transfer cost rate in Equation (22), and the cost rate related to energy transfer by work in Equation (23) [35,36]: . .
where the PEC c is the purchase equipment cost of component c, which is given for all components of the system; N is the number of annual hours that the unit operates; and ϕ r is the maintenance factor, which is generally approximately 1.06 [38]. The modeling and sizing of the plate heat exchanger equipment was done for each of the evaporator, condenser, and recovery zones [39]. In addition, thermoeconomic modeling and cost balances for the integrated configuration with the engine were developed by the authors [40]. Also, the CRF is the capital recovery factor, which depends on the interest rate and the estimated lifetime of the equipment, which was calculated based on Equation (25): where i is the interest rate, and n is the total period of operation of the system in years.

Unavoidable and Avoidable Costs
The avoidable and unavoidable cost ratios associated with the exergy destruction within each component of the system were calculated by Equations (26) and (27), respectively: .
where the sum of the avoidable and unavoidable costs of exergy destruction is equal to the total cost associated with exergy destruction, as shown in Equation (28) [5]: .
The unavoidable investment cost was calculated considering an extremely inefficient version of component c [41]. Therefore, for the calculation of the unavoidable investment cost rate in the components [42], some operational conditions were proposed, as shown in Table 1.
where the sums of the endogenous and exogenous cost rates of exergy destruction are equal to the total cost rate associated with exergy destruction, as defined in Equation (32): Therefore, the exogenous investment rate was calculated with Equation (33) as follows:

Splitting Cost Rates
The cost rates with respect to exergy desegregation can be calculated with Equations (34) . .
. The endogenous cost rate of component c can be calculated with Equation (38), and the rate of unavoidable endogenous investment costs can be calculated using Equation (39) [7]: .
Therefore, the equations used to calculate the desegregated investment costs are presented from Equations (40) to (42):

Results and Discussion
In this section, the influence of the engine load on the heat recovery system energy and exergy performance integrated into the natural gas engine was studied, as an alterntive to reduce the global operational cost and increase the thermal efficiency [43]. The engine power control system adjusts internal engine variables, such as the pressure and temperature of the air-fuel mixture before entering the cylinders, and the recirculation percentage, to provide high efficiency in partial load operation of the gas engine. Some energy indicators were proposed to study the performance of the waste heat recovery system based on ORC, as shown in Figure 3, while the evaporating pressure was set to 675.8 kPa, and toluene was selected as the working fluid [33]. For safety restriction, all feasible operating points of the proposed system at different engine loads ensured that toluene evaporates completely at the outlet of the evaporator to prevent corrosion of the liquid in the expander, in addition to a gas temperature at the outlet of the evaporator (state 11) being higher than the acid dew temperature (200 • C) to avoid acidic corrosion of the exhaust [34].  The results show that the absolute increase in thermal efficiency (Figure 3b) decreases for toluene and cyclohexane, as does the overall energy conversion efficiency (Figure 3d) with an increasing engine load, while the net power output (Figure 3a) presents its maximum value with toluene (89.4 kW-97.9%), cyclohexane (73.2 kW-97.9%), and acetone (53.2 kW-91.81%), respectively. However, in an engine operating interval, acetone presents a slight increase in thermal efficiency, and then decreases, presenting a maximum at an 82.68% engine load.
These results are due to a higher engine load, implying an increase in the exhaust gas flow according to the first and second laws of thermodynamics [44] while a greater energy loss is presented in the recuperator heat exchanger 1 (HX1) because of the evaporation pressure and thermal oil temperature have been limited. As the engine load increases, there is an increase in the fluid The results show that the absolute increase in thermal efficiency (Figure 3b) decreases for toluene and cyclohexane, as does the overall energy conversion efficiency (Figure 3d) with an increasing engine load, while the net power output (Figure 3a) presents its maximum value with toluene (89.4 kW-97.9%), cyclohexane (73.2 kW-97.9%), and acetone (53.2 kW-91.81%), respectively. However, in an engine operating interval, acetone presents a slight increase in thermal efficiency, and then decreases, presenting a maximum at an 82.68% engine load. These results are due to a higher engine load, implying an increase in the exhaust gas flow according to the first and second laws of thermodynamics [44] while a greater energy loss is presented in the recuperator heat exchanger 1 (HX1) because of the evaporation pressure and thermal oil temperature have been limited. As the engine load increases, there is an increase in the fluid evaporating temperature at the evaporator. Therefore, the power increases, which is the main factor for thermal and exergetic efficiency. However, the isentropic turbine efficiency decreases slightly as a consequence of the increase in the thermal oil temperature, causing a decrease in the energy indicators at high engine loads. Likewise, the tendency to increase the power with the engine load is a consequence of both the increase in the inlet thermal oil temperature to the evaporator, which leads to an increase in the toluene mass flow, and the enthalpy difference between the outlet and the inlet of the pump and turbine, but this is more relevant in the turbine.
In addition, the results obtained from the traditional exergetic and exergo-economic analysis are shown in Table 2, where the exergy and fraction of exergy destroyed, y D,c , shows that the greatest values are present in the heat exchanger 1 (shell and tube heat exchanger) with 32.54%, the evaporator (28.32%), and the condenser with 27.97%. The component with the highest destroyed exergy value (41.95 kW) is heat exchanger 1, being one of the components with the lowest exergetic efficiency of the cycle, due to the large heat exchanger area required and the high temperature difference. The greater the investment and the cost of exergy destroyed, the greater the influence of the component in the system, therefore, the component with the greatest improvement in cost efficiency of the total plant can be defined. In the case study, the components with the greatest opportunities for improvement in this ratio are the condenser and HX 1. Therefore, these components are the most important from a thermodynamic point of view. The exergo-economic factor, f c , is the effective parameter that allows us to compare and evaluate the components that make up the system. A high value for this parameter indicates that for the component under study, acquisition costs predominate over operation and maintenance costs. For example, in the case of the condenser, which is the component with the lowest value of the exergo-economic factor, it can be concluded that expenses are mostly related to operating and maintenance costs compared to acquisition costs.
By means of the advanced exergetic analysis, the exergy destruction can be disaggregated for each one of the components. In this way, the real possibilities of improvement can be determined both through the operational and design point of view of the component, and the global consideration of the thermal system. From the solution of Equations (12)- (18), and the unavoidable operation conditions described in Table 1, the disaggregation of the exergy can be found in its endogenous, exogenous, avoidable, and unavoidable part, as well as avoidable and unavoidable endogenous and its avoidable and unavoidable exogenous counterpart. The determination of the avoidable part of the destroyed exergy is a significant step because it allows identification of opportunities for improvement in the component and its interaction with the rest of the components. Also, this result allows knowledge of which is the optimal way to increase the thermal efficiency of the system, besides providing valuable information about how the components operate together as a global system. Figure 4 presents a graphical version of the improvement opportunities in each component from the exergetic point.  The results of the advanced exergetic analysis and economic exergetic analysis are presented in Table 3, where the disaggregation of the destroyed exergy was calculated as a function of the endogenous, exogenous, avoidable, and unavoidable for each of the components under study. The results show that most of the destroyed exergy is endogenous (78.53% of the total destroyed exergy), emphasizing that the interaction between components does not have a significant effect on the overall exergetic performance of the cycle. Similarly, it is noted that the component with the greatest avoidable exergy destroyed in the system is the turbine, with a value of 11.075 kW, where 69.625% is endogenous and 30.374 is exogenous, which means that in the turbine, there is a real great opportunity for improvement. On the other hand, in the unavoidable part, the components with the greatest technological limitations are the HX 1 and evaporator, representing 96.1% of the total unavoidable exergy of the cycle. The equations presented in Sections 2.5.2 and 2.5.3 were used to calculate the advance exergy destruction costs as shown in Table 4, which is based on the result of the advanced destroyed exergy.  The results of the advanced exergetic analysis and economic exergetic analysis are presented in Table 3, where the disaggregation of the destroyed exergy was calculated as a function of the endogenous, exogenous, avoidable, and unavoidable for each of the components under study. The results show that most of the destroyed exergy is endogenous (78.53% of the total destroyed exergy), emphasizing that the interaction between components does not have a significant effect on the overall exergetic performance of the cycle. Similarly, it is noted that the component with the greatest avoidable exergy destroyed in the system is the turbine, with a value of 11.075 kW, where 69.625% is endogenous and 30.374 is exogenous, which means that in the turbine, there is a real great opportunity for improvement. On the other hand, in the unavoidable part, the components with the greatest technological limitations are the HX 1 and evaporator, representing 96.1% of the total unavoidable exergy of the cycle. The equations presented in Sections 2.5.2 and 2.5.3 were used to calculate the advance exergy destruction costs as shown in Table 4, which is based on the result of the advanced destroyed exergy.
It can be observed that the endogenous exergy destruction is higher than the exogenous cost in the components of the thermal cycle, which is a consequence of the high endogenous investment costs values for all components of the system with respect to the exogenous investment cost, as shown in Table 5. Therefore, it can be established that the interaction between components in terms of investment costs is not very relevant in the system; however, for the component under study, it is a parameter of vital importance. Also, it can be observed that the rates of unavoidable investment costs for the components studied showed an inclination in the unavoidable part. In order to show a comparison of the destroyed exergy relationship between traditional and advanced exergetic analysis, Figure 5 is shown. In Figure 5A, a slight difference of the parameter under study is denoted because the one that was calculated by means of the advanced exergetic analysis only emphasizes the exergy that is destroyed by each component, that is to say, the endogenous part (without the interaction that this one has with its surroundings). It can be observed that the endogenous exergy destruction is higher than the exogenous cost in the components of the thermal cycle, which is a consequence of the high endogenous investment costs values for all components of the system with respect to the exogenous investment cost, as shown in Table 5. Therefore, it can be established that the interaction between components in terms of investment costs is not very relevant in the system; however, for the component under study, it is a parameter of vital importance. Also, it can be observed that the rates of unavoidable investment costs for the components studied showed an inclination in the unavoidable part.
Negative values of exogenous investment cost rates (Z EX , Z AV,EX , Z UN,EX ) revealed that investment costs within these components might decrease if investment costs within the other components are increased. In order to show a comparison of the destroyed exergy relationship between traditional and advanced exergetic analysis, Figure 5 is shown. In Figure 5A, a slight difference of the parameter under study is denoted because the one that was calculated by means of the advanced exergetic analysis only emphasizes the exergy that is destroyed by each component, that is to say, the endogenous part (without the interaction that this one has with its surroundings).  However, the relationship of exergy destroyed by the component was also calculated by emphasizing which fraction is borne by the component itself or by the interaction of the component with its surroundings, as shown in Figure 5B. From this graph, what has been mentioned before is supported, that is, that the interaction between each of the components of the system is not significant in comparison to the exergy that destroys the component under its own operating conditions. A comparative analysis was performed by implementing a new exergo-economic factor calculated by advanced exergetic analysis, as shown in Figure 6.
As a percentage, it can be seen that the exergo-economic factor, as well as the traditional and advanced approach, presents a similarity in the components that make up the system. So, the main efforts should concentrate on designing the most efficient heat exchangers [35], with a smaller heat transfer area and less exergy destruction, without increasing the purchase equipment costs. with its surroundings, as shown in Figure 5B. From this graph, what has been mentioned before is supported, that is, that the interaction between each of the components of the system is not significant in comparison to the exergy that destroys the component under its own operating conditions. A comparative analysis was performed by implementing a new exergo-economic factor calculated by advanced exergetic analysis, as shown in Figure 6.
As a percentage, it can be seen that the exergo-economic factor, as well as the traditional and advanced approach, presents a similarity in the components that make up the system. So, the main efforts should concentrate on designing the most efficient heat exchangers [35], with a smaller heat transfer area and less exergy destruction, without increasing the purchase equipment costs.

Conclusions
In this paper, the benefit offered by developed traditional and advanced exergetic analysis in thermal systems was shown, in particular in the organic Rankine cycle systems. Exergetic analysis allows determination of the sources of irreversibility in a thermal system, and therefore indicates the starting points of an optimization procedure, and contributes to the rational use of the energetic resources. In the study carried out, it was possible to determine which equipment that resulted in greater destruction of exergy introduced in the waste heat recovery system based on the organic Rankine cycle. The equipment in which the design or operational improvements can be made was also determined, since the implementation of some recommendations is not practical for optimizing the cycle due to operational or design limitations. Therefore, traditional exergy, advanced exergy, and exergo-economic analysis were applied to gain a better understanding of the system performance. Moreover, a comprehensive comparison was conducted to further assess the system from various points of view.
The conventional exergy showed that the heat exchanger 1 had the largest exergy destruction and exergy destruction, and highest investment costs (41.95 kW, 32.54%, and 2.67 USD/h). The results of the energetic and exergetic analysis of the system showed that the exergy destroyed is a measure of the degree of process irreversibility. Thus, in the case of heat exchanger 1, the causes of the irreversibility were due to the heat transfer through a finite temperature difference higher than 100 °C. Similarly, the results of exergy destructions appeared to be in accordance with the exergy efficiencies. That is, a smaller exergy efficiency implies greater exergy destruction in the system components.

Conclusions
In this paper, the benefit offered by developed traditional and advanced exergetic analysis in thermal systems was shown, in particular in the organic Rankine cycle systems. Exergetic analysis allows determination of the sources of irreversibility in a thermal system, and therefore indicates the starting points of an optimization procedure, and contributes to the rational use of the energetic resources. In the study carried out, it was possible to determine which equipment that resulted in greater destruction of exergy introduced in the waste heat recovery system based on the organic Rankine cycle. The equipment in which the design or operational improvements can be made was also determined, since the implementation of some recommendations is not practical for optimizing the cycle due to operational or design limitations. Therefore, traditional exergy, advanced exergy, and exergo-economic analysis were applied to gain a better understanding of the system performance. Moreover, a comprehensive comparison was conducted to further assess the system from various points of view.
The conventional exergy showed that the heat exchanger 1 had the largest exergy destruction and exergy destruction, and highest investment costs (41.95 kW, 32.54%, and 2.67 USD/h). The results of the energetic and exergetic analysis of the system showed that the exergy destroyed is a measure of the degree of process irreversibility. Thus, in the case of heat exchanger 1, the causes of the irreversibility were due to the heat transfer through a finite temperature difference higher than 100 • C. Similarly, the results of exergy destructions appeared to be in accordance with the exergy efficiencies. That is, a smaller exergy efficiency implies greater exergy destruction in the system components.
Also, the highest exergo-economic factor was found in the pump 2, turbine, and pump 1, with 90.78%, 89.20%, and 85.24%, respectively. These results were a consequence of the high effect of the purchased equipment cost, and the low thermodynamic efficiency in the aforementioned devices, where the probable solution could be the implementation of low-cost components, which are usually characterized by a lower energy efficiency.
Most of the exergy destruction calculated was endogenous (78.53%), emphasizing that the interaction between components does not have a significant effect on the overall exergetic performance of the cycle. The maximum unavoidable exergy was found for the heat exchanger 1, with 90.44%. This indicates that there are not too many ways to improve this component. Nevertheless, other components, such as pump 2, pump 1, and turbine 1, have the minimum unavoidable exergy destruction, with 0.028, 0.03, and 2.819 kW. In addition, the component with the highest cost rate was the condenser with 7.188 USD/h, followed by the heat exchanger 1 with 2.3 USD/h, but the highest avoidable cost rate was found for the turbine with a value of 0.701 USD/h.
On the other hand, the advanced exergo-economic analyses showed that the turbine is the component with the major purchase equipment cost in the system, with a value of 7.898 USD/h, which is 54.09% of the total equipment cost of the system. For all components studied, the endogenous investment cost was higher than the exogenous part, showing the weak relation between them. A comparison was realized between the traditional and advanced exergo-economic factor, which resulted in a similar effect in each component, but the advanced exergy approach presented a slightly higher value, implying that the advanced exergetic analysis gives greater precision in terms of results without ignoring the really great opportunities for improvement. Acknowledgments: Acknowledgments to Universidad del Atlántico, Universidad Francisco de Paula Santander, and the E2 Energía Eficiente S.A E.S. P company by the support received to conduct this research.

Conflicts of Interest:
The authors declare no conflict of interest.

Abbreviations
The following abbreviations are used in this manuscript:

ICE
Internal Combustion Engine HX