The document discusses the Rankine cycle, which is a thermodynamic cycle derived from the Carnot cycle to overcome its limitations. It describes the four processes of the Rankine cycle: 1) Isobaric heat supply in the boiler, 2) Adiabatic expansion in the turbine, 3) Isobaric heat rejection in the condenser, 4) Adiabatic pumping back to the boiler. Heat is added in the boiler to produce high pressure steam, which then expands in the turbine to produce work before condensing and being pumped back to repeat the cycle.