Finite-time thermodynamics: Conditions of minimal dissipation for thermodynamic process with given rate

1998 ◽  
Vol 58 (1) ◽  
pp. 215-223 ◽  
Author(s):  
Anatoly M. Tsirlin ◽  
Valentina A. Mironova ◽  
Sergei A. Amelkin ◽  
Vladimir Kazakov
Keyword(s):  
Finite Time ◽  
Finite Time Thermodynamics ◽  
Thermodynamic Process ◽  
Minimal Dissipation

scholarly journals Finite-Time Thermodynamics in Economics

Entropy ◽  
2020 ◽  
Vol 22 (8) ◽  
pp. 891 ◽  
Author(s):  
Anatoly Tsirlin ◽  
Larisa Gagarina
Keyword(s):  
Finite Time ◽  
Kinetic Equations ◽  
Economic Systems ◽  
Finite Time Thermodynamics ◽  
Function Concept ◽  
Optimal Trading ◽  
Minimal Dissipation

In this paper, we consider optimal trading processes in economic systems. The analysis is based on accounting for irreversibility factors using the wealth function concept. The existence of the welfare function is proved, the concept of capital dissipation is introduced as a measure of the irreversibility of processes in the microeconomic system, and the economic balances are recorded, including capital dissipation. Problems in the form of kinetic equations leading to given conditions of minimal dissipation are considered.

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