A Minimal Dissipation Type-Based Classification in Irreversible Thermodynamics and Microeconomics
AbstractWe 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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Bibliographic InfoPaper provided by Quantitative Finance Research Centre, University of Technology, Sydney in its series Research Paper Series with number 104.
Date of creation: 01 Jun 2003
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-06-02 (All new papers)
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- Li, Jun & Chen, Lingen & Sun, Fengrui, 2007. "Optimal configuration of a class of endoreversible heat-engines for maximum power-output with linear phenomenological heat-transfer law," Applied Energy, Elsevier, vol. 84(9), pages 944-957, September.
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