• Optimization for capital dissi...

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

Title:
Optimization for capital dissipation minimization in a common of resource exchange processes
Authors:
SHAOJUN XIA, LINGEN CHEN, FENGRUI SUN
Source:
Mathematical and computer modelling. 54(1-2):632-648
Publisher Information:
Kidlington: Elsevier, 2011.
Publication Year:
2011
Physical Description:
print, 51 ref
Original Material:
INIST-CNRS
Subject Terms:
Computer science, Informatique, Mathematics, Mathématiques, Sciences exactes et technologie, Exact sciences and technology, Sciences et techniques communes, Sciences and techniques of general use, Mathematiques, Mathematics, Combinatoire. Structures ordonnées, Combinatorics. Ordered structures, Combinatoire, Combinatorics, Plans d'expériences et configurations, Designs and configurations, Analyse mathématique, Mathematical analysis, Calcul des variations et contrôle optimal, Calculus of variations and optimal control, Analyse numérique. Calcul scientifique, Numerical analysis. Scientific computation, Analyse numérique, Numerical analysis, Méthodes numériques en programmation mathématique, optimisation et calcul variationnel, Numerical methods in mathematical programming, optimization and calculus of variations, Optimisation et calcul variationnel numériques, Numerical methods in optimization and calculus of variations, Méthodes de calcul scientifique (y compris calcul symbolique, calcul algébrique), Methods of scientific computing (including symbolic computation, algebraic computation), Analyse assistée, Computer aided analysis, Análisis asistido, Analyse numérique, Numerical analysis, Análisis numérico, Calcul variationnel, Variational calculus, Cálculo de variaciones, Commande optimale, Optimal control, Control óptimo, Entropie, Entropy, Entropía, Flot optimal, Optimal flow, Flujo óptimo, Loi probabilité, Probability distribution, Ley probabilidad, Mathématiques appliquées, Applied mathematics, Matemáticas aplicadas, Modèle mathématique, Mathematical model, Modelo matemático, Méthode optimisation, Optimization method, Método optimización, Programmation mathématique, Mathematical programming, Programación matemática, Stratégie optimale, Optimal strategy, Estrategia optima, Théorie commande, Control theory, 05Bxx, 49XX, 65K10, 65Kxx, Capital dissipation, Generalized thermodynamic optimization, Price elasticity of supply and demand, Resource exchange process
Document Type:
Fachzeitschrift Article
File Description:
text
Language:
English
Author Affiliations:
Postgraduate School, Naval University of Engineering, Wuhan 430033, China
ISSN:
0895-7177
Access URL:
http://pascal-francis.inist.fr/vibad/index.php?action=search&terms=24182350
Rights:
Copyright 2015 INIST-CNRS
CC BY 4.0
Sauf mention contraire ci-dessus, le contenu de cette notice bibliographique peut être utilisé dans le cadre d’une licence CC BY 4.0 Inist-CNRS / Unless otherwise stated above, the content of this bibliographic record may be used under a CC BY 4.0 licence by Inist-CNRS / A menos que se haya señalado antes, el contenido de este registro bibliográfico puede ser utilizado al amparo de una licencia CC BY 4.0 Inist-CNRS
Notes:
Mathematics
Accession Number:
edscal.24182350
Database:
PASCAL Archive

Weitere Informationen

An investigation of a common of simple resource exchange processes between a firm and an economic subsystem with a generalized commodity transfer law [n ∝ Δ(pm)], in which the effects of the price elasticity of supply and demand are introduced, is presented in this paper. Optimal price configurations for minimum capital dissipation (which is analogous to the physical quality of entropy generation in thermodynamics and could be used to measure the irreversibility of economic processes) are obtained by applying optimal control theory. The optimal exchange strategy for the case with the linear commodity transfer law [n ∝ Δ(P)] coincides with the exchange strategy of constant commodity flow operation, and the optimal exchange strategies for the cases with different commodity transfer laws are significantly different from each other. Numerical examples for the cases with some special commodity transfer laws are provided, and the optimal exchange strategies are compared with the common strategies of constant firm price and constant commodity flow operations. The results show that the differences among the capital dissipation of different exchange strategies decrease with the increase of value of m, and the strategy of constant commodity flow operation is closer to the optimal strategy of minimum capital dissipation compared to that of constant firm price operation. The obtained results can provide some theoretical guidelines for the selection of optimal exchange strategies during real economical actions.