Production Portfolio Theory II—First Steps Towards a General Portfolio Theory and Numerical Examplifications

This paper formalises the Production Portfolio Theory in more statistical and application-oriented detail, gives the first steps towards a General Portfolio Theory and shows some connections to self-organisational theory and cybernetic informational systems. The paper further demonstrates the Production Portfolio Theory with examples. Above this, we analyse the possible applications of this theory, show similarities and differences to Portfolio Theory from Markowitz, where it is inherited from, and give connections to future cybernetics and numerical information computational systems and an outlook for further research questions in the field.