“…In recent years, a lot of work has been carried out on the cycles (Blank and Wu, 1995, Chen, 1997, Chen and Schouten, 1999, Kaushik, 1999, Tyagi, 2000, Kaushik and Kumar, 2000, Kaushik and Kumar, 2001Kaushik, Tyagi, and Mohan, 2003 using the concept of finite-time thermodynamics (Curzon andAhlborn, 1975, Salamon andNitzan, 1981). Some workers have applied the ecological criteria (He, Chen andWu, 2001, Tyagi, Kaushik andSalhotra, 2002), while others have used the thermoeconomic approach (Sahin, and Kodal, 1999, Kodal, Sahin and Yilmaz, 2000, Sahin and Kodal, 2001, Antar and Zubair, 2001, Bandyopadhyay, Bera and Bhattacharyya, 2001, Kodal, Sahin and Erdil, 2002, Kodal, Sahin, Ekmekci and Yilmaz, 2003, Chen, Tyagi and Wu, 2003, Tyagi, Chen and Kaushik, 2004 based on energy analysis (Mirandola, Stoppato and Tonon, 2000) and exergy analysis (Moorhouse, Hoke and Prendergast, 2002) on different cycles for a typical set of operating conditions.…”