Bilinear, dynamic single-ports and bond graphs of economic systems
✍ Scribed by John W. Brewer; Paul P. Craig
- Publisher
- Elsevier Science
- Year
- 1982
- Tongue
- English
- Weight
- 592 KB
- Volume
- 313
- Category
- Article
- ISSN
- 0016-0032
No coin nor oath required. For personal study only.
✦ Synopsis
It is shown that reinuestment and inventory effects can be described in bond-graph terms. The associated diferential equations in price and order-flow variables are bilinear forms. These effects are the fundamental inertia and compliance of economic bond graph theory. Properties of the components and example market graphs are discussed. tThe power preserving transformations, represented in bond graphs of most physical systems, have no meaning in the bond graphs of heat transfer.
For this reason, some authors refer to the bond graphs of heat transfer as "pseudo" bond graphs (1,3).
SAs it turns out, bond graphs of demographic systems are "pseudo" in the sense described in footnote t above. See the basic reference (5).