An influence of axial mechanical stress on the hysteresis of martensitic transformation and ordinary magnetostriction of ferromagnetic shape memory alloy has been described in the framework of a Landau-type theory of phase transitions. It has been shown that weak stress can noticeably reduce the hysteresis of martensitic transformation. Moreover, the anhysteretic deformation can be observed when the applied mechanical stress exceeds a critical stress value. The main theoretical results were compared with recent experimental data. It is argued that shape memory alloys with extremely low values of shear elastic modulus are the candidates for the experimental observation of large anhysteretic deformations.
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