In this paper we propose a finite element discretization of the Maxwell-Landau-Lifchitz-Gilbert equations governing the electromagnetic field in a ferromagnetic material. Our point of view is that it is desirable for the discrete problem to possess conservation properties similar to the continuous system. We first prove the existence of a new class of Liapunov functions for the continuous problem. and then for a variational formulation of the continuous problem. We also show a special continuous dependence result. Then we propose a family of mass-lumped finite element schemes for the problem. For the resulting semi-discrete problem we show that magnetization is conserved and that semi-discrete Liapunov functions exist. Finally we show the results of some computations that show the behavior of the fully discrete Liapunov functions.
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