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A Minimal Dissipation Type-Based Classification in Irreversible Thermodynamics and Microeconomics

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Author Info
A. M. Tsirlin
Valdimir Kazakov
N. A. Kolinko
Abstract

We formulate the problem of finding classes of kinetic dependencies in irreversible thermodynamic and microeconomic systems for which minimal dissipation processes belong to the same type. We show that this problem is an inverse optimal control problem and solve it. The commonality of this problem in irreversible thermodynamics and microeconomics is emphasized.

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File URL: http://www.business.uts.edu.au/qfrc/research/research_papers/rp104.pdf
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Paper provided by Quantitative Finance Research Centre, University of Technology, Sydney in its series Research Paper Series with number 104.

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Date of creation: 01 Jun 2003
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Handle: RePEc:uts:rpaper:104

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