Bilinear,dynamic single-ports and bond graphs of economic systems |
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Authors: | John W Brewer Paul P Craig |
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Institution: | Professor of Mechanical Engineering, University of California, Davis, 0431 0368 V CA 95616, USA;Professor of Applied Science, University of California, Davis, CA 95616, 0431 0368 V 2 USA |
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Abstract: | It is shown that reinvestment and inventory effects can be described in 0431 0368 bond-graph terms. The associated differential equations in price and order-flow 0431 0368 V variables are bilinear forms. These effects are the fundamental inertia and compliance 0431 0368 V 3 of economic bond graph theory. Properties of the components and example market 0431 0368 V 3 graphs are discussed. |
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