Directly to content
  1. Publishing |
  2. Search |
  3. Browse |
  4. Recent items rss |
  5. Open Access |
  6. Jur. Issues |
  7. DeutschClear Cookie - decide language by browser settings

Eine entropisch-ökonomische Analyse der „Routine“

Krcal, Hans-Christian

[thumbnail of Krcal_Entropisch-oekonomische_Analyse_2023.pdf]
Preview
PDF, English - main document
Download (1MB) | 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

‘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.

Document type: Working paper
Series Name: AWI Discussion Paper Series
Volume: 0738
Place of Publication: Heidelberg
Date Deposited: 05 Dec 2023 14:29
Date: 2023
Number of Pages: 49
Faculties / Institutes: The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics
DDC-classification: 330 Economics
Uncontrolled Keywords: thermodynamics, decision making, entropy, routine action, micro theory, sustainability, opportunity cost, opportunity revenue, learning curve effect, average cost degression
Series: Discussion Paper Series / University of Heidelberg, Department of Economics
About | FAQ | Contact | Imprint |
OA-LogoDINI certificate 2013Logo der Open-Archives-Initiative