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Stream And Potential Function

The stream function is defined for incompressible( divergence-free ) flows in two dimensions – as well as in three dimensions with axisymmetry. The flow velocity components can be expressed as the derivatives of the scalar stream function. The stream function can be used to plot streamlines, which represent the trajectories of particles in a steady flow. The two-dimensional Lagrange stream function was introduced by Joseph Lois Lagrange in 1781. The Stokes stream function is for axisymmetrical three-dimensional flow, and is named after George Gabriel Stokes. 
Considering the particular case of fluid dynamics, the difference between the stream function values at any two points gives the volumetric flow rate (or volumetric flux) through a line connecting the two points.
Since streamlines are tangent to the flow velocity vector of the flow, the value of the stream function must be constant along a streamline. The usefulness of the stream function lies in the fact that the flow velocity components in the x- and y- directions at a given point are given by the partial derivatives of the stream function at that point. A stream function may be defined for any flow of dimensions greater than or equal to two, however the two-dimensional case is generally the easiest to visualize and derive.
For two-dimensional potential flow, streamlines are perpendicular to equipotential lines. Taken together with the velocity potential, the stream function may be used to derive a complex potential. In other words, the stream function accounts for the solenoidal part of a two-dimensional Helmholtz decomposition, while the velocity potential accounts for the irrotational part.

Potential Function:- 
In fluid dynamics, potential flow describes the velocity field as the gradient of a scalar function: the velocity potential. As a result, a potential flow is characterized by an irrotational velocity field, which is a valid approximation for several applications. The irrotationality of a potential flow is due to the curl of the gradient of a scalar always being equal to zero.
In the case of an incompressible flow the velocity potential satisfies Laplace's equation, and potential theory is applicable. However, potential flows also have been used to describe  compressible flows. The potential flow approach occurs in the modeling of both stationary as well as nonstationary flows. Applications of potential flow are for instance: the outer flow field for aerofolis, water waves, electroosmotic flow, and groundwater flows. For flows (or parts thereof) with strong vorticity effects, the potential flow approximation is not applicable.

Credit:- (i) https://en.m.wikipedia.org/wiki/Stream_function
(ii) https://en.m.wikipedia.org/wiki/Potential_flow

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