“…There are a number of studies available in the open literature for exergy and exergoeconomic analyses as a tool, such as spark ignition internal combustion engines (Zhecheng, Brun, and Badin 1991;Rakopoulos 1993;Kopac and Kokturk 2005;Abu-Nada et al 2007;Sezer and Bilgin 2008a,b;Ameri et al 2010), the aerospace industry (Bejan and Siems 2001;Etelen and Rose 2001;Roth and Mavris 2001;Figliola, Tipton, and Li 2003;Moorhouse 2003;Rosen and Etelen 2004;Leo and Pérez-Grande 2005;Pellegrini, Gandolfi, and Silva 2007;Turgut, Karakoc, and Hepbasli 2007;Periannan, von Spakovsky, and Moorhouse 2008;Turgut, Karakoc, and Hepbasli 2009a;Turgut et al 2009b;Tona et al 2010), and other systems such as power plants, wind turbine, cement plants, heat pumps, etc. (Kim et al 1998;Bilgen 2000;Kwon, Kwak, and Oh 2001;Cziesla, Tsatsaronis, Gao 2006;Zaleta et al 2007;Oktay and Dincer 2009;Ozgener, Ozgener, and Dincer 2009;Sogut, Oktay, and Hepbasli 2009;Ahmadi and Dincer 2010;Sogut, Oktay, and Karakoc 2010a;Sogut et al 2010b;Coskun, Oktay, and Dincer 2011;Gungor, Erbay, and Hepbasli 2011).…”