Optimization for capital dissipation minimization in a common of resource exchange processes

DOI10.1016/J.MCM.2011.03.007zbMATH Open1225.91039OpenAlexW2007400633MaRDI QIDQ646129FDOQ646129

Authors Shaojun Xia, Lingen Chen, Fengrui Sun

Publication date 11 November 2011

Published in Mathematical and Computer Modelling (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.mcm.2011.03.007

zbMATH Keywords

optimal controlgeneralized thermodynamic optimizationcapital dissipationprice elasticity of supply and demandresource exchange process

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites work

• scientific article; zbMATH DE number 918977 (Why is no real title available?)
• A generalized thermodynamic approach to resource exchange and allocation. I
• A generalized thermodynamic approach to resource exchange and allocation. II
• A generalized thermodynamic approach to resource exchange and allocation. III
• About irreversibility in economics
• Finite time thermodynamic optimization or entropy generation minimization of energy systems
• Irreversibility and limiting possibilities of macrocontrolled systems. I: Thermodynamics
• Irreversibility and limiting possibilities of macrocontrolled systems. II: Microeconomics
• Irreversible microeconomics: optimal processes and control
• Irreversible microeconomics: optimal processes and equilibrium in closed systems
• Optimal control for irreversible processes in thermodynamics and microeconomics
• Optimal control in problems on the limiting possibilities of irreversible thermodynamic and economic systems
• Optimal control of resource exchange in economic systems
• Optimal paths for minimizing entransy dissipation during heat transfer processes with generalized radiative heat transfer law
• Optimal paths for minimizing lost available work during usual heat transfer processes
• Optimal processes in open controllable macrosystems

Cited in

(5)

• Resource exchange mechanism in a system consisting of two owners and one intermediary
• Optimizing piston velocity profile for maximum work output from a generalized radiative law diesel engine
• Dissipation and conditions of equilibrium for an open microeconomic system
• Maximum profit configurations of commercial engines
• Optimal Utilization of Capital and a Financial Sector in a Classical Gravitation Process

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