The theory around the concept of finite time describes how processes of any nature can be optimized in situations when their rate is required to be non-negligible, i.e., they must come to completion in a finite time. What the theory makes explicit is “the cost of haste”. Intuitively, it is quite obvious that you drive your car differently if you want to reach your destination as quickly as possible as opposed to the case when you are running out of gas. Finite-time thermodynamics quantifies such opposing requirements and may provide the optimal control to achieve the best compromise. The theory was initially developed for heat engines (steam, Otto, Stirling, a.o.) and for refrigerators, but it has by now evolved into essentially all areas of dynamic systems from the most abstract ones to the most practical ones. The present collection shows some fascinating current examples
