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Abstract. Design of effective heat transfer devices and minimizing costs are desired sections in industry and they are important for both engineers and users due to the wide-scale use of heat exchangers. Traditional approach to design is based on iterative process in which is gradually changed design parameters, until a satisfactory solution is achieved. The design process of the heat exchanger is very dependent on the experience of the engineer, thereby the use of computational software is a major advantage in view of time. Determination of operating parameters of the heat exchanger and the subsequent estimation of operating costs have a major impact on the expected profitability of the device. There are on the one hand the material and production costs, which are immediately reflected in the cost of device. But on the other hand, there are somewhat hidden costs in view of economic operation of the heat exchanger. The economic balance of operation significantly affects the technical solution and accompanies the design of the heat exchanger since its inception. Therefore, there is important not underestimate the choice of operating parameters. The article describes an optimization procedure for choice of cost-effective operational parameters for a simple double pipe heat exchanger by using CFD software and the subsequent proposal to modify its design for more economical operation.

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