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A gas network is in the steady state when the values of gas flow characteristics are independent of time and system described by the set of nonlinear equations. The goal of simple simulation of a gas network is usually that of computing the values of nodes' pressures, loads and the values of flows in the individual pipes.
Elasticity is the measure of the sensitivity of one variable to another. [10] A highly elastic variable will respond more dramatically to changes in the variable it is dependent on. The x-elasticity of y measures the fractional response of y to a fraction change in x, which can be written as
Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...
Accidental release source terms are the mathematical equations that quantify the flow rate at which accidental releases of liquid or gaseous pollutants into the ambient environment which can occur at industrial facilities such as petroleum refineries, petrochemical plants, natural gas processing plants, oil and gas transportation pipelines, chemical plants, and many other industrial activities.
Poroelasticity is a field in materials science and mechanics that studies the interaction between fluid flow, pressure and bulk solid deformation within a linear porous medium and it is an extension of elasticity and porous medium flow (diffusion equation). [1] The deformation of the medium influences the flow of the fluid and vice versa.
A supply schedule is a table which shows how much one or more firms will be willing to supply at particular prices under the existing circumstances. [1] Some of the more important factors affecting supply are the good's own price, the prices of related goods, production costs, technology, the production function, and expectations of sellers.
The Cross elasticity of demand, also commonly referred to as the Cross-price elasticity of demand, allows companies to establish competitive prices against substitute goods and complementary goods. The metric figure produced by the equation thus determines the strength of both the relationship and competition between the two goods.
Constant elasticity of substitution (CES) is a common specification of many production functions and utility functions in neoclassical economics. CES holds that the ability to substitute one input factor with another (for example labour with capital) to maintain the same level of production stays constant over different production levels.