IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i1p210-d474111.html
   My bibliography  Save this article

The Energy of Finance in Refining of Medical Surge Capacity

Author

Listed:
  • Oleksandr Melnychenko

    (Department of Finance, Gdansk University of Technology, 80-233 Gdansk, Poland
    The London Academy of Science and Business, London W1U 6TU, UK)

Abstract

The availability of resources and their concentration in the place of greatest need, will not allow us to successfully overcome a medical surge without the energy required to activate these resources and activities, and increase their quantities if necessary, that is why the staff and management of healthcare institutions are forced to making ethical crisis decisions about who wins and who loses. This study highlights the versatility of the concept of ‘energy’ by attributing it to money or financial resources, which are highly essential in dealing with surges as the healthcare system adopts the appropriate capacity level. This study considers the means (space, staff, supplies, and specific resources) at the disposal of healthcare institutions for the control of diseases as economic resources to identify ways for enhancing their capacity, especially during periods of medical surges such as that caused by the coronavirus disease (COVID-19). The medical resources are dependent on ‘energy’, albeit not in the strictest sense of the term. The article, thus, points out that while limited resources are the norm in economic theory, a medical surge provides an opportunity to sufficiently extend the resources within the health system capacity through increased funding.

Suggested Citation

  • Oleksandr Melnychenko, 2021. "The Energy of Finance in Refining of Medical Surge Capacity," Energies, MDPI, vol. 14(1), pages 1-14, January.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:1:p:210-:d:474111
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/1/210/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/1/210/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Beaudreau, Bernard C. & Pokrovskii, Vladimir N., 2010. "On the energy content of a money unit," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(13), pages 2597-2606.
    2. Yurii Kharazishvili & Aleksy Kwilinski & Olena Grishnova & Henryk Dzwigol, 2020. "Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    3. Waheeb Al‐Azzani & Alison Kinghorn & Rhodri Williams, 2020. "Increased fracture incidence in snow and ice conditions; a model for escalation," International Journal of Health Planning and Management, Wiley Blackwell, vol. 35(2), pages 625-630, March.
    4. Thomas R. De Gregori, 1987. "Resources Are Not; They Become: An Institutional Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(3), pages 1241-1263, September.
    5. Coulter, John E., 2020. "7 questions for energy concept in ecosystems science," Ecosystem Services, Elsevier, vol. 41(C).
    6. Harriet Thomson, 2020. "Quantification beyond expenditure," Nature Energy, Nature, vol. 5(9), pages 640-641, September.
    7. Vanesa Castán Broto & Joshua Kirshner, 2020. "Energy access is needed to maintain health during pandemics," Nature Energy, Nature, vol. 5(6), pages 419-421, June.
    8. Frank J. Alessio, 1981. "Energy Analysis and the Energy Theory of Value," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 61-74.
    9. Oleksandr Melnychenko, 2020. "Is Artificial Intelligence Ready to Assess an Enterprise’s Financial Security?," JRFM, MDPI, vol. 13(9), pages 1-19, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andrzej Janowski & Anna Szczepańska-Przekota, 2022. "The Trait of Extraversion as an Energy-Based Determinant of Entrepreneur’s Success—The Case of Poland," Energies, MDPI, vol. 15(13), pages 1-21, June.
    2. Agnieszka Strzelecka & Danuta Zawadzka, 2023. "Savings as a Source of Financial Energy on the Farm—What Determines the Accumulation of Savings by Agricultural Households? Model Approach," Energies, MDPI, vol. 16(2), pages 1-18, January.
    3. Oleksandr Melnychenko, 2021. "Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments," Energies, MDPI, vol. 14(24), pages 1-20, December.
    4. Tomasz Korol, 2021. "Examining Statistical Methods in Forecasting Financial Energy of Households in Poland and Taiwan," Energies, MDPI, vol. 14(7), pages 1-14, March.
    5. Toshiyuki Sueyoshi & Youngbok Ryu & Ji-Young Yun, 2021. "COVID-19 Response and Prospects of Clean/Sustainable Energy Transition in Industrial Nations: New Environmental Assessment," Energies, MDPI, vol. 14(4), pages 1-30, February.
    6. Danuta Zawadzka & Agnieszka Strzelecka & Ewa Szafraniec-Siluta, 2021. "Debt as a Source of Financial Energy of the Farm—What Causes the Use of External Capital in Financing Agricultural Activity? A Model Approach," Energies, MDPI, vol. 14(14), pages 1-17, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Oleksandr Melnychenko, 2021. "Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments," Energies, MDPI, vol. 14(24), pages 1-20, December.
    2. Hervé Corvellec & Johan Hultman & Anne Jerneck & Susanne Arvidsson & Johan Ekroos & Niklas Wahlberg & Timothy W. Luke, 2021. "Resourcification: A non‐essentialist theory of resources for sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(6), pages 1249-1256, November.
    3. Burlinson, Andrew & Giulietti, Monica & Law, Cherry & Liu, Hui-Hsuan, 2021. "Fuel poverty and financial distress," Energy Economics, Elsevier, vol. 102(C).
    4. Aleksandra Kuzior & Aleksy Kwilinski & Ihor Hroznyi, 2021. "The Factorial-Reflexive Approach to Diagnosing the Executors’ and Contractors’ Attitude to Achieving the Objectives by Energy Supplying Companies," Energies, MDPI, vol. 14(9), pages 1-16, April.
    5. Aleksy Kwilinski & Oleksii Lyulyov & Tetyana Pimonenko, 2023. "Inclusive Economic Growth: Relationship between Energy and Governance Efficiency," Energies, MDPI, vol. 16(6), pages 1-16, March.
    6. John T. Steen & Peter W. Liesch, 2007. "A note on Penrosean growth, resource bundles and the Uppsala model of internationalisation," Management International Review, Springer, vol. 47(2), pages 193-206, March.
    7. Robert Bradley, 2007. "Resourceship: An Austrian theory of mineral resources," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(1), pages 63-90, March.
    8. Radosław Miśkiewicz, 2020. "Efficiency of Electricity Production Technology from Post-Process Gas Heat: Ecological, Economic and Social Benefits," Energies, MDPI, vol. 13(22), pages 1-15, November.
    9. Chen, Chien-fei & Nelson, Hannah & Xu, Xiaojing & Bonilla, Gregory & Jones, Nicholas, 2021. "Beyond technology adoption: Examining home energy management systems, energy burdens and climate change perceptions during COVID-19 pandemic," Renewable and Sustainable Energy Reviews, Elsevier, vol. 145(C).
    10. Radosław Miśkiewicz & Krzysztof Matan & Jakub Karnowski, 2022. "The Role of Crypto Trading in the Economy, Renewable Energy Consumption and Ecological Degradation," Energies, MDPI, vol. 15(10), pages 1-15, May.
    11. Carina Altreiter & Claudius Graebner & Stephan Puehringer & Ana Rogojanu & Georg Wolfmayr, 2020. "Theorizing competition: an interdisciplinary framework," ICAE Working Papers 120, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    12. Igawa, Moegi & Managi, Shunsuke, 2022. "Energy poverty and income inequality: An economic analysis of 37 countries," Applied Energy, Elsevier, vol. 306(PB).
    13. Green, Maxwell H. & Davies, Philip & Ng, Irene C.L., 2017. "Two strands of servitization: A thematic analysis of traditional and customer co-created servitization and future research directions," International Journal of Production Economics, Elsevier, vol. 192(C), pages 40-53.
    14. Lindenberger, Dietmar & Kuemmel, Rainer, 2011. "Energy and the State of Nations," EWI Working Papers 2011-11, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    15. Ugo Fiore & Adrian Florea & Claudiu Vasile Kifor & Paolo Zanetti, 2021. "Digitization, Epistemic Proximity, and the Education System: Insights from a Bibliometric Analysis," JRFM, MDPI, vol. 14(6), pages 1-17, June.
    16. Yurii Kharazishvili & Aleksy Kwilinski & Oleksandr Sukhodolia & Henryk Dzwigol & Dmytro Bobro & Janusz Kotowicz, 2021. "The Systemic Approach for Estimating and Strategizing Energy Security: The Case of Ukraine," Energies, MDPI, vol. 14(8), pages 1-30, April.
    17. Robertas Vaitkus & Asta Vasiliauskaitė, 2022. "An Assessment of the Impact of Legal Regulation on Financial Security in OECD Countries," JRFM, MDPI, vol. 15(2), pages 1-19, February.
    18. Hsin-Hui Chou & Chao-Chin Huang & Pei-Yun Tu, 2023. "Towards becoming a service-dominant enterprise: an actor engagement perspective," Service Business, Springer;Pan-Pacific Business Association, vol. 17(2), pages 607-632, June.
    19. Anastasia O. Ljovkina & David L. Dusseault & Olga V. Zaharova & Yury Klochkov, 2019. "Managing Innovation Resources in Accordance with Sustainable Development Ethics: Typological Analysis," Resources, MDPI, vol. 8(2), pages 1-17, April.
    20. Mariia Pankova & Aleksy Kwilinski & Nataliya Dalevska & Valentyna Khobta, 2023. "Modelling the Level of the Enterprise’ Resource Security Using Artificial Neural Networks," Virtual Economics, The London Academy of Science and Business, vol. 6(1), pages 71-91, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:14:y:2021:i:1:p:210-:d:474111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.