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It's working as an oscillator (schmitt-trigger with positive feedback). It oscillates a the resonance frequency of the connected LC circuit.
Yes, the circuits is somehow unusual.In circuits what i have learnt i never used a resonant circuit in non inverting terminal of opamp.
Yes, the circuits is somehow unusual.
I presume you can calculate the DC thresholds yourself by applying literature formulas. See e.g. https://en.wikipedia.org/wiki/Schmitt_trigger#Non-inverting_Schmitt_trigger
The actual hysteresis is set by the LC circuit impedance. The oscillation magnitude at higher frequencies also depends on the comparator output delay and won't be easily to calculate.
The circuit has positive feedback, the feedback factor which defines the hysteresis is set by a voltage divider, part of it is the LC circuit. So the feedback factor depends on the LC impedance.
It's not actually a relaxation oscillator, rather a LC oscillator with excessive gain. Whatever you call ist, you can see that it's oscillating at the LC resonance frequency as long as the LC circuit has sufficient Q.
It's no classical text book oscillator circuit and it's operation is depending on unspecified device parameters like the frequency characteristic of the LM311 comparator.
It's intentionally positive feedback. And it works as an oscillator at the LC resonance, as you can check in a circuit simulation.