Geologic entropy with economic constraints predicts mineral prices
November 10-14, 2019
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.
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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