“…FTT focuses on irreversibilities caused by finite-rate heat transfers between the working fluid, and the external heat reservoirs, internal dissipation of the working fluid and heat leaks between the heat reservoirs. The optimization procedure in FTT, carried out under a fixed cycle time, usually assumes two degrees of freedom, that is, the inner temperatures of the isothermal steps of the working system [2,[4][5][6][7]. In spite of their analytical simplicity, these models * Present address: Department of Complex Systems Science, Graduate School of Information Science, Nagoya University, Nagoya 464-8601, Japan can reproduce, at least qualitatively, the power-efficiency and the cooling power-COP behaviors observed in real HE [6] and RE [8,9].…”