Service Economics

Abstract

Here the author examines the economies of services as well as matters related to service economics. Do the same or similar laws that drive the other fields of the nonservices economy also govern the service-based economy as well? How can wealth matters be addressed in the services field with application of well-know economics patterns? An improved accounting method for project management accounting is presented based on the idea of value centres next to the well-known concepts of cost centres and profit centres. The method can be of direct use for value based management purposes that is of central importance for all service-related activities (improvement / optimisation, planning, deployment, etc.).