From Engineering Economics to Extended Exergy Accounting: A Possible Path from Monetary to Resource‐Based Costing

  title={From Engineering Economics to Extended Exergy Accounting: A Possible Path from Monetary to Resource‐Based Costing},
  author={Enrico Sciubba},
  journal={Journal of Industrial Ecology},
  • E. Sciubba
  • Published 1 October 2004
  • Economics
  • Journal of Industrial Ecology
The article describes the extended exergy accounting technique (EEA), a novel method for computing the cost of a commodity based on its resource‐base equivalent value (as opposed to its monetary cost) that enables the analyst to perform more complete and meaningful assessments of a complex system. The claim made here is that the novelty, as well as the decisive advantage, of EEA consists in its being entirely and uniformly resource based, thanks to the inclusion in the system balance of… 

A Thermodynamically Correct Treatment of Externalities with an Exergy-Based Numeraire

The concept of “sustainable development” implies that the environmental externalities unavoidably generated by human activities be reduced to a minimum: In fact, the very definition of

The Way Forward in Quantifying Extended Exergy Efficiency

Extended exergy accounting (EEA) is a methodology which estimates the extended exergy cost (EEC) of a product or a service or the extended exergy efficiency (EEE) of a country or economic sector

The Thermoeconomic Environment Cost Indicator (iex-TEE) as a One-Dimensional Measure of Resource Sustainability

This paper presents a conceptual development of sustainability evaluation, through an exergy-based indicator, by using the new concept of the Thermoeconomic Environment (TEE). The exergy-based

Extended exergy accounting applied to biodiesel production

A concise review of exergy-based economic methods

In the analysis and design of energy systems, techniques are often used which combine scientific disciplines (mainly thermodynamics) with economic disciplines (mainly cost accounting) to achieve

Exergo-economics : thermodynamic foundation for a more rational resource use

This is a broad and comprehensive review of the development of the concept of exergy and of its application to the analysis and optimization of energy conversion systems. After a brief recapitulation

An exergy-based Ecological Indicator as a measure of our resource use footprint

The concept of 'Ecological Indicator' (EI) is critically analysed to define the properties it ought to possess and to demonstrate that indicators based solely on material–and energy balances do not




and Tribus, 1962), which is also named exergoeconomics (Bejan et al, 1996) and exergonomics (Yantovskii, 1994). The concept of utility is a central concept in macroeconomics. Utility is also closely

Exergy economics: I. Cost accounting applications

Exergy as a Direct Measure of Environmental Impact

  • E. Sciubba
  • Environmental Science
    Advanced Energy Systems
  • 1999
This paper describes an original approach to the evaluation of the influence of environmental pollution reduction measures on the energetic balance of conversion processes and systems. The

Thermodynamics and process analysis for future economic scenarios

Economists are increasingly interested in forecasting future costs and benefits of policies for dealing with materials/energy fluxes, polluting emissions and environmental impacts on various scales,

Exergy analysis of the United Kingdom energy system

Abstract The exergy method has been used to analyse changes in the structure of the UK energy system over a period of more than 30 years from 1965. A sectoral approach was employed, with the supply

Use of Extended Exergy Analysis as a Tool for Assessment of the Environmental Impact of Industrial Processes

Traditional applications of exergy analysis have focused upon the design and optimization of parameters in thermal systems. The success of the technique as applied to these systems is well

A global second law approach to the evaluation of energy conversion systems taking into account economic and environmental factors

In the design and/or performance analysis of an energy conversion system, there are two factors other than the thermodynamic operation of the system which play an important role. They are the