In this paper we consider the three-phase-lag model of heat conduction that involves second-order effects in phase lag of the heat flux vector. This model leads to a fourth-order in time equation of Moore–Gibson–Thompson type. We use the thermodynamic restrictions derived from the compatibility of the constitutive equation with the Second Law of Thermodynamics to study the properties of the solutions of the initial boundary value problems associated with the model in concern. In this connection we establish a series of well-posedness results concerning the related solutions like: uniqueness, continuous data dependence, exponentially stability or domain of influence. Furthermore, based on the thermodynamic restrictions, we show that the thermal model in question admits damped in time propagating waves as well as exponentially decaying standing modes. We also show that when the thermodynamic restrictions are not fulfilled, then wave solutions appear that cause the energy blows up as time goes to infinity.
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