entropy

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Five Minute Facts
Entropy Part 2 – Economics
  • Asset Strategy

Entropy Part 2 – Economics

Accountants will like the emphasis on profits but they cannot lose sight of the need to invest. Excessive focus on costs reduces the energy put into the system and allows its entropy (chaos) to increase. Failing to invest enough destabilizes...

Five Minute Facts
Thermodynamics | Entropy
  • Asset Strategy

Entropy Part 1 – Fundamentals

Engineers are familiar with the concept of “entropy” and the laws of thermodynamics. The second law of thermodynamics states that the total entropy of an isolated system always increases over time. So what does that mean for us in the world of asset management and maintenance...

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