In the thermodynamic analysis, all states defined in the system are assumed to be in thermodynamic equilibrium; each state has mechanical, thermal, and phase equilibrium, and there is no macroscopic change with respect to time. For the analysis of the system, the first law and second law of thermodynamics can be applied.
In power plant analysis, a series of states can comprise a cycle. In this case, each state represents condition at the inlet/outlet of individual component. The example of components are pumpcompressor, turbine, reactor, and heat exchanger. By considering the constitutive equation for the given type of fluid, thermodynamic state of each point can be analyzed. As a result, the thermal efficiency of the cycle can be defined.
Examples of the cycle include the Carnot cycle, Brayton cycle, and Rankine cycle. Based on the simple cycle, modified or combined cycle also exists.