Entropy 2011, 13(6), 1137-1151; doi:10.3390/e13061137
Article

Maximum Profit Configurations of Commercial Engines

email
Received: 19 April 2011; in revised form: 20 May 2011 / Accepted: 31 May 2011 / Published: 7 June 2011
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract: An investigation of commercial engines with finite capacity low- and high-price economic subsystems and a generalized commodity transfer law [n ∝ Δ (P m)] in commodity flow processes, in which effects of the price elasticities of supply and demand are introduced, is presented in this paper. Optimal cycle configurations of commercial engines for maximum profit are obtained by applying optimal control theory. In some special cases, the eventual state—market equilibrium—is solely determined by the initial conditions and the inherent characteristics of two subsystems; while the different ways of transfer affect the model in respects of the specific forms of the paths of prices and the instantaneous commodity flow, i.e., the optimal configuration.
Keywords: finite time thermodynamics; commercial engine; optimal configuration
PDF Full-text Download PDF Full-Text [127 KB, uploaded 7 June 2011 12:43 CEST]

Export to BibTeX |
EndNote


MDPI and ACS Style

Chen, Y. Maximum Profit Configurations of Commercial Engines. Entropy 2011, 13, 1137-1151.

AMA Style

Chen Y. Maximum Profit Configurations of Commercial Engines. Entropy. 2011; 13(6):1137-1151.

Chicago/Turabian Style

Chen, Yiran. 2011. "Maximum Profit Configurations of Commercial Engines." Entropy 13, no. 6: 1137-1151.


Entropy EISSN 1099-4300 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert