Factor X Concept
The Factor X concept was coined by Prof. Friedrich Schmidt-Bleek. The factor targets refer to dematerializing of our economies. The Factor Ten Club founded in 1994 and the Factor 10 Institute founded in 1997 support the dematerialization target. It has been proposed that material flows in the industrialized countries should be decreased by factor 10 to reach more sustainable level of material use. Aim of factor targets is to increase resource productivity and increase the wealth created from the resources. The factor concept can be applied on microeconomic and macroeconomic levels. For instance the Wuppertal Institute presents micro-level best practices related to Factor Four guideline.
Read more about this topic: Material Input Per Service Unit
Famous quotes containing the words factor and/or concept:
“Children of the middle years do not do their learning unaffected by attendant feelings of interest, boredom, success, failure, chagrin, joy, humiliation, pleasure, distress and delight. They are whole children responding in a total way, and what they feel is a constant factor that can be constructive or destructive in any learning situation.”
—Dorothy H. Cohen (20th century)
“To find the length of an object, we have to perform certain
physical operations. The concept of length is therefore fixed when the operations by which length is measured are fixed: that is, the concept of length involves as much as and nothing more than the set of operations by which length is determined.”
—Percy W. Bridgman (1882–1961)