In this work a thermodynamic model was developed to attain enhanced process comprehension of waste cooking oil (WCO) transesterification process in a low power, high frequency piezo-based ultrasound reactor. The reactor performance was assessed using the exergy concept to distinguish the effects of various operational variables, i.e., methanol to oil molar ratio (4:1-8:1), ultrasonic irradiation time (610 min), and temperature (40-60 degrees C) on the efficiency and sustainability factors. The exergetic efficiency of the developed reactor was found to be ranging from 98% to 99% and from 9% to 91% using the universal and functional definitions, respectively. The maximum functional exergetic efficiency as a decision making parameter, was found at 91% for methanol to oil molar ratio of 6:1, ultrasonic irradiation time of 10 min, and temperature of 60 degrees C. The exergetic sustainability index of the transesterification process at the selected conditions was determined at about 11. Under these conditions, the reactor efficiently converted triglycerides to methyl esters with an acceptable conversion efficiency of 97%, satisfying the ASTM standard. Overall, the outcomes of the current survey manifested that exergy analysis can be a preferred basis for decision making on the efficiency and sustainability of various biodiesel synthesizing systems. (C) 2017 Elsevier Ltd. All rights reserved.