Conventional
and advanced exergy and exergoeconomic analyses are
investigated on a coupled LiBr/H2O cycle/ORC system, which
recovers low-grade residual heat to generate electricity. Exergy destruction
rates, exergy destruction cost rates, and investment cost rates are
calculated based on the exergy balance, cost balance, and auxiliary
equations. The results indicate that 32.02% of the irreversibility
rates, 37.66% of the irreversibility cost rates, and 25.83% of the
investment cost rates can be eliminated. The ORC evaporator contributes
to the highest irreversibility rate, and the LiBr absorber has the
supreme investment cost rate. 83.17% of the exergy destruction rates
are endogenous, which means that each component itself has a critical
effect on system performance. In the advanced exergoeconomic analyses,
77.30% of the investment cost is generated by the components themselves.
Except for LiBr pumps, other components reduce their exergy destruction
cost rates preferentially. Optimizing methods to decrease the irreversibility
of the system are also provided by this analysis.