https://doi.org/10.1140/epjb/e2003-00309-x
A minimal dissipation type-based classification in irreversible thermodynamics and microeconomics
1
Program System Institute, Russian Academy of Sciences, set “Botik”, Pereaslavl-Zalesky, Russia 152020
2
School of Finance and Economics, University of Technology, Sydney PO Box 123 Broadway, NSW 2007 Australia
Corresponding author: a kaz@arch.usyd.edu.au
Received:
18
February
2003
Revised:
10
June
2003
Published online:
24
October
2003
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.
PACS: 05.70.Ln – Nonequilibrium and irreversible thermodynamics / 89.65.Gh – Economics; econophysics, financial markets, business and management
© EDP Sciences, Società Italiana di Fisica, Springer-Verlag, 2003