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

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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)

Cites Work

• Optimal control for irreversible processes in thermodynamics and microeconomics
• Title not available (Why is that?)
• Optimal control of resource exchange in economic systems
• Irreversible microeconomics: optimal processes and control
• Optimal paths for minimizing lost available work during usual heat transfer processes
• Optimal processes in open controllable macrosystems
• About irreversibility in economics
• Irreversibility and limiting possibilities of macrocontrolled systems. I: Thermodynamics
• Irreversibility and limiting possibilities of macrocontrolled systems. II: Microeconomics
• Optimal control in problems on the limiting possibilities of irreversible thermodynamic and economic systems
• Finite time thermodynamic optimization or entropy generation minimization of energy systems
• Optimal paths for minimizing entransy dissipation during heat transfer processes with generalized radiative heat transfer law
• Irreversible microeconomics: optimal processes and equilibrium in closed systems
• A generalized thermodynamic approach to resource exchange and allocation. II
• A generalized thermodynamic approach to resource exchange and allocation. III
• A generalized thermodynamic approach to resource exchange and allocation. I

Cited In (4)

• 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
• Optimal Utilization of Capital and a Financial Sector in a Classical Gravitation Process
• Resource exchange mechanism in a system consisting of two owners and one intermediary

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