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Dynamic Resource Application For Sustainable Technology Implementations

Author

Listed:
  • Andrew Manikas
  • Michael Godfrey

Abstract

Government environmental regulations, along with increasing awareness and demand from customers for firms to be sustainable, are driving firms to implement new technologies to enhance the sustainability practices of their firms. Given a finite implementation horizon and a target improvement level, a project manager must decide when to apply resources to a project. We develop an optimal control model to specify when to apply resources under different operating cost differentials, taking into account resource cost. We find that technologies that are more efficient are optimally implemented with a front-loaded schedule to achieve cost savings quickly. Conversely, technologies that are more expensive, but mandated, are ideally implemented on a back-loaded schedule.

Suggested Citation

  • Andrew Manikas & Michael Godfrey, 2010. "Dynamic Resource Application For Sustainable Technology Implementations," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 3(2), pages 19-32.
    • Handle: RePEc:ibf:ijmmre:v:3:y:2010:i:2:p:19-32
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    More about this item

    Keywords

    Sustainability; Technology Implementation; Project Management; Green; Resource Loading; Optimal Control;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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