Time is money - An industrial economic assessment of the importance of time in economic analysis

The present book pursues the scientific goal of developing an awareness of system-dynamic models. Considering the time dimension in economic questions is one of the essential deficits that can primarily be observed when neoclassical economic theories are applied. Because of this, the present work attempts to contribute to the field of system dynamics and the temporal modeling of economic questions.

Autorentext

Dr. Oliver Franck is a research assistant to Prof. Dr. Schulz at the Chair of Mobility, Trade and Logistics at Zeppelin University. His research focuses on industrial economic analysis as well as transportation economics.

Inhalt

Introduction.- Theoretical Interdependence Between the Essays.- Limitations and outlook.- Paper 1: Failure of German transport policy in the case of Lufthansa: A critical economic approach.- Paper 2: Empirical study to estimate the economic effects of the introduction of a periodical technical inspection (PTI) for motor vehicles in Punjab (Pakistan).- Paper 3: The Institutional Role Model: A System-Dynamic Approach to Reduce Organisational Complexity.- Paper 4: An Econophysical Approach for the market structure determination of an industry: An Extension of Robert Bishops Formula.- Bibliography.