Finite-Time Approach to Microeconomic and Information Exchange Processes
Author(s)Serghey A. Amelkin
Geography. Anthropology. Recreation
DOAJ:Earth and Environmental Sciences
Social sciences (General)
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AbstractFinite-time approach allows one to optimize regimes of processes in macrosystems when duration of the processes is restricted. Driving force of the processes is difference of intensive variables: temperatures in thermodynamics, values in economics, etc. In microeconomic systems two counterflow fluxes appear due to the only driving force. They are goods and money fluxes. Another possible case is two fluxes with the same direction. The processes of information exchange can be described by this formalism.
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