2022
DOI: 10.3390/e24101451
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Maximum Profit Output Configuration of Multi-Reservoir Resource Exchange Intermediary

Abstract: A model of a multi-reservoir resource exchange intermediary also defined as a commercial engine is proposed according to analogies and similarities between thermodynamics and economics. The optimal configuration of a multi-reservoir commercial engine with a maximum profit output objective is determined by applying optimal control theory. The optimal configuration consists of two instantaneous constant commodity flux processes and two constant price processes, and the configuration is independent of a number of… Show more

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Cited by 3 publications
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