| Abstract: | The thermoeconomic behaviour of a nanoparticle seeded single effect LiBr‐H2O absorption refrigeration system (ARS) is investigated for a small scale application. In the proposed method, alumina nanoparticles with volume concentrations of 3%, 5%, and 7% are dispersed into an aqua lithium bromide solution. The multiobjective heat transfer search algorithm is employed to examine the design trade‐off between the coefficient of performance (COP) and total annualized cost (TAC). To analyze the overall performance of the system, the influence of five design parameters, namely the temperatures of the generator, absorber, evaporator, condenser and heat exchanger pipe diameter, are studied. It is found that with an increase in the COP, the TAC of the system is initially raised marginally, and after that, raised rigorously with further increment. The comparative results indicate that the COP and TAC of the nanofluid based ARS system are increased by about 7% and decreased by about 3.2%, respectively, corresponding to the Pareto points of the base ARS system. A lower break‐even point of about 2.6 years is achieved for the ARS system containing nanoparticles compared to the base ARS system. Overall, the ARS system containing 5% nanoparticles is the best solution from a thermodynamic and economic point of view. |
