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The heat equation arises in a number of phenomena and is often used in financial mathematics in the modeling of options. The Black–Scholes option pricing model's differential equation can be transformed into the heat equation allowing relatively easy solutions from a familiar body of mathematics. Many of the extensions to the simple option ...
The molar heat capacity is the heat capacity per unit amount (SI unit: mole) of a pure substance, and the specific heat capacity, often called simply specific heat, is the heat capacity per unit mass of a material. Heat capacity is a physical property of a substance, which means that it depends on the state and properties of the substance under ...
The heat capacity of an object, denoted by , is the limit =, where is the amount of heat that must be added to the object (of mass M) in order to raise its temperature by . The value of this parameter usually varies considerably depending on the starting temperature T {\displaystyle T} of the object and the pressure p {\displaystyle p} applied ...
The rate of heat flow is the amount of heat that is transferred per unit of time in some material, usually measured in watts (joules per second). Heat is the flow of thermal energy driven by thermal non-equilibrium, so the term 'heat flow' is a redundancy (i.e. a pleonasm). Heat must not be confused with stored thermal energy, and moving a hot ...
The specific heat capacity of a substance, usually denoted by or , is the heat capacity of a sample of the substance, divided by the mass of the sample: [10] = =, where represents the amount of heat needed to uniformly raise the temperature of the sample by a small increment .
Thermal conduction is the diffusion of thermal energy (heat) within one material or between materials in contact. The higher temperature object has molecules with more kinetic energy; collisions between molecules distributes this kinetic energy until an object has the same kinetic energy throughout.
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This Process Path is a straight horizontal line from state one to state two on a P-V diagram. Figure 2. It is often valuable to calculate the work done in a process. The work done in a process is the area beneath the process path on a P-V diagram. Figure 2 If the process is isobaric, then the work done on the piston is easily calculated.