Krcal, Hans-Christian
Vorschau |
PDF, Englisch
- Hauptdokument
Download (1MB) | Nutzungsbedingungen |
Zitieren von Dokumenten: Bitte verwenden Sie für Zitate nicht die URL in der Adresszeile Ihres Webbrowsers, sondern entweder die angegebene DOI, URN oder die persistente URL, deren langfristige Verfügbarkeit wir garantieren.
[mehr ...]
Abstract
‘Routine action’, a form to take action, is widely accepted in the economic field, because of its resource saving effect which contributes to average cost degression. However, from an entropic point of view, each form of acting requires decision making in regard to consumption of resources and causes entropic effects. Therefore, any kind of mechanistic resource management has to be avoided, even for routine action, when well-balanced economic-entropic actions, as to call them sustainable, are the objective. The paper shows how entropic and economic advantages and disadvantages of routine action can be brought together in a ratio to measure its sustainability’s relevance.
Dokumententyp: | Arbeitspapier |
---|---|
Name der Reihe: | AWI Discussion Paper Series |
Band: | 0738 |
Ort der Veröffentlichung: | Heidelberg |
Erstellungsdatum: | 05 Dez. 2023 14:29 |
Erscheinungsjahr: | 2023 |
Seitenanzahl: | 49 |
Institute/Einrichtungen: | Fakultät für Wirtschafts- und Sozialwissenschaften > Alfred-Weber Institut |
DDC-Sachgruppe: | 330 Wirtschaft |
Freie Schlagwörter: | thermodynamics, decision making, entropy, routine action, micro theory, sustainability, opportunity cost, opportunity revenue, learning curve effect, average cost degression |
Schriftenreihe: | Discussion Paper Series / University of Heidelberg, Department of Economics |