  Nonequilibrium phase transition properties of a mixed Ising ferrimagnetic
model consisting of spin-1/2 and spin-3/2 on a square lattice under the
existence of a time dependent oscillating magnetic field have been investigated
by making use of Monte Carlo simulations with single-spin flip Metropolis
algorithm. A complete picture of dynamic phase boundary and magnetization
profiles have been illustrated and the conditions of a dynamic compensation
behavior have been discussed in detail. According to our simulation results,
the considered system does not point out a dynamic compensation behavior, when
it only includes the nearest-neighbor interaction, single-ion anisotropy and an
oscillating magnetic field source. As the next-nearest-neighbor interaction
between the spins-1/2 takes into account and exceeds a characteristic value
which sensitively depends upon values of single-ion anisotropy and only of
amplitude of external magnetic field, a dynamic compensation behavior occurs in
the system. Finally, it is reported that it has not been found any evidence of
dynamically first-order phase transition between dynamically ordered and
disordered phases, which conflicts with the recently published molecular field
investigation, for a wide range of selected system parameters.
