Relationship between Input Channel Excitation Time and Profinet IO Refresh Time

Abstract

The process of local economic development is extremely complex. Different authors diversely aggregate its concept, objectives and actors. According to the literature local economic development is an intervention to the functioning of the economy. Its purpose is to ensure sustainable local development and to increase the standard of living. The intervention requires the involvement of many actors, who approach the process from various sides. But the instruments, which are used by them, are very similar. In this paper I will make a short overview of the instruments of local economic development, then I will analyse the practice of Vienna.