 Multi-period models for analyzing the dynamics of process improvement activitiesEuropean Journal of Operational Research, 2013, vol. 230, issue 3, 615-623 Abstract: Managing knowledge based resource capabilities has become very important in recent years and during a finite horizon it seems to be reasonable to develop the capabilities intensively at the beginning as one can utilize those over a longer period of time. With the help of multi-period models we check the validity of this idea and characterize the dynamics of development activities. The paper identifies the factors that shape these dynamics and from the behavior of these factors we conclude when the dynamics can be increasing or decreasing. We point out that in stable environment there is tendency for decreasing dynamics but future expectations can significantly modify this outcome. Relationships between the successful or less successful implementation of a business strategy and the dynamics of improvement activities are highlighted as well. For specific model structures explicit solutions are derived. Keywords: Production; Productivity; Development; Business strategy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:230:y:2013:i:3:p:615-623 DOI: 10.1016/j.ejor.2013.04.036 Access Statistics for this article European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati More articles in European Journal of Operational Research from Elsevier |
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