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

A. M. Tsirlin, Valdimir Kazakov and N. A. Kolinko

No 104, Research Paper Series from Quantitative Finance Research Centre, University of Technology, Sydney

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.

Pages: 16 pages
Date: 2003-06-01
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published as: Tsirlin, A. M. Kazakov, V. and Kolinko, N. A., 2003, "A Minimal Dissipation Type-Based Classification in Irreversible Thermodynamics and Microeconomics", The European Physical Journal, 35(4), 565-570.

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