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A Rapid Method for Modeling a Variable Cycle Engine
Published on: August 13, 2019
Economic Cycles of Carnot Type
Constantin Udriste1,2, Vladimir Golubyatnikov3, Ionel Tevy1
1Department of Mathematics and Informatics, Faculty of Applied Sciences, University Politehnica of Bucharest, Splaiul Independentei 313, Sector 6, 060042 Bucharest, Romania.
This study introduces economic Carnot cycles within Roegenian economics, establishing a maximum efficiency for reversible economic engines. It also analyzes the economic Van der Waals equation, revealing insights from its cuspidal potential.
Area of Science:
- Thermodynamics
- Environmental and Resource Economics
Background:
- The Carnot cycle is a theoretical thermodynamic concept setting efficiency limits for heat engines and refrigeration.
- Roegenian economics provides a framework for analyzing resource use and economic systems.
Purpose of the Study:
- To introduce and analyze economic Carnot cycles within Roegenian economics.
- To adapt ideal gas theory concepts to ideal income theory.
- To examine the economic Van der Waals equation for diffeomorphic-invariant information.
Main Methods:
- Utilizing a thermodynamic-economic dictionary to define economic Carnot cycles.
- Describing cycles in Q-P and E-I diagrams.
- Transforming ideal gas theory into ideal income theory.
- Analyzing the economic Van der Waals equation via cuspidal potential examination.
Main Results:
- Economic Carnot cycles are defined and analyzed, showing maximum efficiency for reversible economic engines.
- A parallel between ideal gas and ideal income theories is established.
- Diffeomorphic-invariant information from the economic Van der Waals surface is obtainable.
Conclusions:
- Economic Carnot cycles offer a new perspective on efficiency in Roegenian economics.
- The study bridges thermodynamic principles with economic theory.
- Analysis of the economic Van der Waals equation provides novel insights into economic systems.
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