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In the case of flux balance analysis, the objective function Z for the LP is often defined as biomass production. Biomass production is simulated by an equation representing a lumped reaction that converts various biomass precursors into one unit of biomass. Therefore, the canonical form of a Flux Balance Analysis problem would be:
Thermoeconomics is based on the proposition that the role of energy in biological evolution should be defined and understood not through the second law of thermodynamics but in terms of such economic criteria as productivity, efficiency, and especially the costs and benefits (or profitability) of the various mechanisms for capturing and utilizing available energy to build biomass and do work.
Energy balance (energy economics), verification and analysis of emergence, transformation and use of energy sources within an economic zone Energy economics , where the energy balance of a country is an aggregate presentation of all human activities related to energy, except for natural and biological processes
These balance equations were first considered by Peter Whittle. [8] [9] The resulting equations are somewhere between detailed balance and global balance equations. Any solution to the local balance equations is always a solution to the global balance equations (we can recover the global balance equations by summing the relevant local balance ...
Material balance planning encompassed non-labor inputs (the distribution of consumer goods and allocation of labor was left to market mechanisms). In a material balance sheet, the major sources of supply and demand are drawn up in a table that achieves a rough balance between the two through an iterative process.
The economic value of natural capital and ecosystem services is accepted by mainstream environmental economics, but is emphasized as especially important in ecological economics. Ecological economists may begin by estimating how to maintain a stable environment before assessing the cost in dollar terms.
Energy balance, in terms of energy economics, is concerned with all processes within an organization that have a reference to energy. It derives from the ecobalance and has the ambition to analyze and verify the emergence, transformation and use of energy resources in an organization in detail. [ 1 ]
Static equilibrium (economics), the intersection of supply and demand in any market; Sunspot equilibrium, an economic equilibrium in which non-fundamental factors affect prices or quantities; Underemployment equilibrium, a situation in Keynesian economics with a persistent shortfall relative to full employment and potential output