“…The method is widely applied in different processes and systems (Balli, Aras & Hepbasli, 2010;Lozano, Carvalho & Serra, 2011;Kaviri, Jaafar & Lazim, 2012;Ghazi, Ahmadi, Sotoodeh & Taherkhani, 2012;Gungor, Erbay, & Hepbasli, 2012;Flórez-Orrego, Silva, & Oliveira Jr., 2014). Some recent works attempt to solve the major issues still considered opened on thermoeconomics, especially regarding the dissipative equipment, as valves and condensers (Agudelo, Valero & Torres, 2012;Piacentino & Talamo, 2013;Luo et al, 2014;Li, Chen, Sheng, & Li, 2016).…”