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Abstract
Thermodynamic laws are dominant and not deniable, we need to consider those in the context of system theory. From the system’s perspective the entropy issue is decisive for the evaluation of future economic options and constraints.The paper sensitizes for entropic adequate firm acts in regard to resource management. Are system decisions reversible? The quality of entropy growth reflects the system’s chance to keep up the space of acts, at least to prolong the space of acts. The system’s observer and his information requirements are expressed in the entropy indicator.Graphic solutions, such as pictograms among others, are developed and high-lighted which support the attempt to reduce or at least to lighten complexity in the management of resources. Graphical devices for the measurement of system entropy are presented. The combined illustrations in the paper enhance a firm’s ability for operational resource management under the predominance of entropy law, for example within working groups.
Document type: | Working paper |
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Series Name: | AWI Discussion Paper Series |
Volume: | 0765 |
Place of Publication: | Heidelberg |
Date Deposited: | 07 Aug 2025 10:38 |
Date: | 2025 |
Number of Pages: | 110 |
Faculties / Institutes: | The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics |
DDC-classification: | 330 Economics |
Uncontrolled Keywords: | closed and open system, thermodynamics, decision making, entropy, steady state and thermodynamic equilibrium, firm |
Series: | Discussion Paper Series / University of Heidelberg, Department of Economics |