Krcal, Hans-Christian
Preview |
PDF, German
- main document
Download (557kB) | Terms of use |
Citation of documents: Please do not cite the URL that is displayed in your browser location input, instead use the DOI, URN or the persistent URL below, as we can guarantee their long-time accessibility.
Abstract
Within firms diverse fields of action are regarding the transformation of material and immaterial resources. The dimension of choices is being determined by the basic laws of thermodynamics. The entropic relevance of action within a firm has been considered by the paper. From a social system theory perspective the impact of energy flow and its qualities on the decisional opportunity level is being discussed. It can be shown that from the perspective of thermodynamics the threat by equilibrium has some essential consequences for the firm’s decision making in general.
Document type: | Working paper |
---|---|
Series Name: | Discussion Paper Series / University of Heidelberg, Department of Economics |
Volume: | 0691 |
Place of Publication: | Heidelberg |
Date Deposited: | 12 Oct 2020 11:03 |
Date: | October 2020 |
Number of Pages: | 36 |
Faculties / Institutes: | The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics |
DDC-classification: | 330 Economics |
Controlled Keywords: | Thermodynamik, Entropie |
Uncontrolled Keywords: | thermodynamics, decision making, entropy, steady state and thermodynamic equilibriumclosed and open system, steady state and thermodynamic equilibrium |
Series: | Discussion Paper Series / University of Heidelberg, Department of Economics |