ECI Digital Archives

Title

Geologic entropy with economic constraints predicts mineral prices

Authors

Alan J. Hurd, Los Alamos National Laboratory, USAFollow
Radha Perumal Ramasamy, Anna University

Conference Dates

November 10-14, 2019

Abstract

We propose a geologic entropy for describing the price of an element from its abundance. Maximizing a geologic entropy function under economic constraints using the Lagrange multiplier method yields specific predictions verifiable by data.

Please click Additional Files below to see the full abstract.

Recommended Citation

Alan J. Hurd and Radha Perumal Ramasamy, "Geologic entropy with economic constraints predicts mineral prices" in "Composites at Lake Louise 2019", John Kieffer, University of Michigan, USA Erik Spoeke, Sandia National Laboratories, USA Meisha Shofner, Georgia Institution of Technology, USA Eds, ECI Symposium Series, (2019). https://dc.engconfintl.org/composites_all_2019/65