BCS theoryBCS theory or Bardeen–Cooper–Schrieffer theory (named after John Bardeen, Leon Cooper, and John Robert Schrieffer) is the first microscopic theory of superconductivity since Heike Kamerlingh Onnes's 1911 discovery. The theory describes superconductivity as a microscopic effect caused by a condensation of Cooper pairs. The theory is also used in nuclear physics to describe the pairing interaction between nucleons in an atomic nucleus. It was proposed by Bardeen, Cooper, and Schrieffer in 1957; they received the Nobel Prize in Physics for this theory in 1972.
Magnetic vector potentialIn classical electromagnetism, magnetic vector potential (often called A) is the vector quantity defined so that its curl is equal to the magnetic field: . Together with the electric potential φ, the magnetic vector potential can be used to specify the electric field E as well. Therefore, many equations of electromagnetism can be written either in terms of the fields E and B, or equivalently in terms of the potentials φ and A. In more advanced theories such as quantum mechanics, most equations use potentials rather than fields.
Electrical faultIn an electric power system, a fault or fault current is any abnormal electric current. For example, a short circuit is a fault in which a live wire touches a neutral or ground wire. An open-circuit fault occurs if a circuit is interrupted by a failure of a current-carrying wire (phase or neutral) or a blown fuse or circuit breaker. In three-phase systems, a fault may involve one or more phases and ground, or may occur only between phases. In a "ground fault" or "earth fault", current flows into the earth.
Prospective short-circuit currentThe prospective short-circuit current (PSCC), available fault current, or short-circuit making current is the highest electric current which can exist in a particular electrical system under short-circuit conditions. It is determined by the voltage and impedance of the supply system. It is of the order of a few thousand amperes for a standard domestic mains electrical installation, but may be as low as a few milliamperes in a separated extra-low voltage (SELV) system or as high as hundreds of thousands of amps in large industrial power systems.
CostIn production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer.
Marginal costIn economics, the marginal cost is the change in the total cost that arises when the quantity produced is incremented, the cost of producing additional quantity. In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount. As Figure 1 shows, the marginal cost is measured in dollars per unit, whereas total cost is in dollars, and the marginal cost is the slope of the total cost, the rate at which it increases with output.
Cost curveIn economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to decide output quantities. There are various types of cost curves, all related to each other, including total and average cost curves; marginal ("for each additional unit") cost curves, which are equal to the differential of the total cost curves; and variable cost curves.
Refrigerator magnetA refrigerator magnet or fridge magnet is a small magnet, often attached to an artistic or whimsical ornament, which may be used to post items such as shopping lists, Christmas cards, child art or reminders on a refrigerator door, or which simply serves as decoration. Refrigerator magnets come in a wide variety of shapes and sizes, and may have promotional messages placed on them. In addition to refrigerators, refrigerator magnets are commonly placed on steel-backed whiteboards and bulletin boards, as well as other metal furniture such as filing cabinets and tool chests.
Ferrite (magnet)A ferrite is a ceramic material made by mixing and firing iron(III) oxide (, rust) with one or more additional metallic elements, such as strontium, barium, manganese, nickel, and zinc. They are ferrimagnetic, meaning they are attracted by magnetic fields and can be magnetized to become permanent magnets. Unlike other ferromagnetic materials, most ferrites are not electrically conductive, making them useful in applications like magnetic cores for transformers to suppress eddy currents.
Circuit breakerA circuit breaker is an electrical safety device designed to protect an electrical circuit from damage caused by overcurrent. Its basic function is to interrupt current flow to protect equipment and to prevent the risk of fire. Unlike a fuse, which operates once and then must be replaced, a circuit breaker can be reset (either manually or automatically) to resume normal operation. Circuit breakers are made in varying sizes, from small devices that protect low-current circuits or individual household appliances, to large switchgear designed to protect high voltage circuits feeding an entire city.
Opportunity costIn microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would have been had by taking the second best available choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen.
Energy policyEnergy policy is the manner in which a given entity (often governmental) has decided to address issues of energy development including energy conversion, distribution and use as well as reduction of greenhouse gas emissions in order to contribute to climate change mitigation. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques. Energy is a core component of modern economies.
