One of the educational demos often shown in schools is to drop a high strength neodymium magnet down a length of copper tube. It takes a considerable time to exit the tube because as it falls it induces a current in the copper walls that opposes the field of the magnet and slows it.
The question is how to calculate that current. So, one might start with various parameters:
(a) The thickness of the copper in the walls of the tube
(b) The tube diameter/circumference
(c) The strength of the magnet
(d) The mass of the magnet
(e) Rate of travel of the magnet
Now, working out the field interaction with the copper is rather too hard for me, so I made some approximations. It also turns out (apparently) that knowing the magnet field strength is not necessary.
I assumed that rate of travel is 10cm/s, the wall thickness is 2mm, the magnet mass is 0.1kg
When that magnet is falling at 0.1 m/s we get a power dissipation of 0.1W (P = mgh/t )
Now comes the BIG assumption - that the walls of the tube can be approximated by 2mm diameter copper loops. The resistance of each loop is 250 microOhms for a circumference of 5cm.
Using P = I^2 * R = 0.1W we get a value for I of about 6 Amps ("correct to within an order of magnitude" as physicists often say)
Does all this sound plausible?