This investigation aims to scrutinize the flow and heat transfer characteristics of a hybrid nanofluid composed of Ag-MgO within an eccentric annular space, where the inner circular wall is held at a constant elevated temperature and the outer circular wall is uniformly cooled. Natural convection in such eccentric annular enclosures, with thermal radiation and the effects of heat generation/absorption taken into consideration, plays a vital role in various engineering applications, including solar collectors, nuclear reactors, thermal storage systems, and heat exchangers. The resolution of the fundamental governing equations was executed employing the Gauss-Seidel approach, with the inclusion of a sub-relaxation process, all within the framework of the finite volume method. The impact of the Rayleigh number, radiation number, volume fraction as well as heat generation/absorption coefficient on thermal transfer, flow, and temperature distributions were investigated. It was observed that for low Rayleigh numbers, radiation influences enhance flow stability and improve the conductive heat transfer mode. Conversely, at high Rayleigh numbers, radiation intensifies convective heat exchange. The growth of the Rayleigh number diminishes the impact of heat generation and reinforces the radiation heat transfer process, while heat absorption exhibits the opposite effect. From Nr = 1 onwards, the average Nusselt number values are no longer influenced by an increase in nanoparticle volumetric fraction, and they are solely linked to the radiation number.
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