orkuiðnaði
Orkuiðnaði is a concept in Icelandic economics and industrial production. It refers to the management and organization of a business or factory to achieve maximum efficiency and productivity through the effective use of labor and resources.
The term orkuiðnaði is composed of two Icelandic words: "orka", meaning power or energy, and "úðnaði", meaning
Orkuiðnaði is closely related to the concept of scientific management, which emerged in the late 19th and
In the Icelandic context, orkuiðnaði was influenced by the country's unique economic and industrial situation. Iceland's
Throughout the 20th century, orkuiðnaði was an important concept in Icelandic industrial development, particularly in the