相关论文: Entropy Oriented Trading: A Trading Strategy Based…

From thermodynamics point of view, in this era of aiming at energy conservation and sustainability, we need to develop more accurate ways to design thermal power, cooling and heat pump cycles. It has been the general practice in…

In quantum statistical mechanics, equilibrium states have been shown to be the typical states for a system that is entangled with its environment, suggesting a possible identification between thermodynamic and von Neumann entropies. In this…

This dissertation reports work where physics methods are applied to financial and economical problems. The first part studies stock market data (chapter 1 to 5). The second part is devoted to personal income in the USA (chapter 6). We first…

Although the third law of thermodynamics was established almost a century ago, it is not yet universally considered to be a fundamental law of physics. A major problem is that there are many materials having residual entropy. Amorphous…

We investigate entropy as a financial risk measure. Entropy explains the equity premium of securities and portfolios in a simpler way and, at the same time, with higher explanatory power than the beta parameter of the capital asset pricing…

We develop a bidding strategy for a hybrid power plant combining co-located wind turbines and an electrolyzer, constructing a price-quantity bidding curve for the day-ahead electricity market while optimally scheduling hydrogen production.…

This work critics on nature of thermodynamics coordinates and on roles of the variables in the equation of state (EoS). Coordinate variables in the EoS are analyzed so that central concepts are noticed and are used to lay a foundation in…

Internal energy, enthalpy and entropy are the key quantities to study thermodynamic properties of the moist atmosphere, because they correspond to the First (internal energy and enthalpy) and Second (entropy) Laws of thermodynamics. The aim…

Foundations of equilibrium thermodynamics are the equation of state (EoS) and four postulated laws of thermodynamics. We use equilibrium thermodynamics paradigms in constructing the EoS for microeconomics system that is a market. This…

It is currently a widely used practice to write the constraints in terms of escort averages when the generalized entropies are employed in the maximization scheme. We show that the maximization of the nonadditive $q$-entropy with escort…

The present paper analyses the formal parallelism existing between the laws of thermodynamics and some economic principles. Based on previous works, we shall show how the existence in Economics of principles analogous to those in…

We solve a set of selected exercises on rotational motion requiring a mechanical and thermodynamical analysis. When non-conservative forces or thermal effects are present, a complete study must use the first law of thermodynamics together…

We explore the thermodynamic analysis at the apparent horizon in the framework of Rastall theory of gravity. We take different entropies such as the Bakenstein, logarithmic corrected, power law corrected, and the Renyi entropies. We…

Thermodynamic entropy is determined by a heat measurement through the Clausius equality. The entropy then formalizes a fundamental limitation of operations by the second law of thermodynamics. The entropy is also expressed as the Shannon…

The 2nd law of thermodynamics yields an irreversible increase in entropy until thermal equilibrium is achieved. This irreversible increase is often assumed to require large and complex systems to emerge from the reversible microscopic laws…

We consider a generalisation of thermodynamics that deals with multiple conserved quantities at the level of individual quantum systems. Each conserved quantity, which, importantly, need not commute with the rest, can be extracted and…

In the theory of riskfree hedges in continuous time finance, one can start with the delta-hedge and derive the option pricing equation, or one can start with the replicating, self-financing hedging strategy and derive both the delta-hedge…

A thermodynamic approach to the description of economic systems and processes is developed. It is shown that there is a deep analogy between the parameters of thermodynamic and economic systems (markets); so each thermodynamic parameter can…

In the real world, one almost never knows the parameters of a thermodynamic process to infinite precision. Reflecting this, here we investigate how to extend stochastic thermodynamics to systems with uncertain parameters, including…

A novel model of thermal regulation of homoeothermic animals has been implemented. The model is based on a non-equilibrium thermodynamic approach which introduces entropy balance and the rate of entropy generation as a formulation of The…