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Organizational Nimbleness and Operational Policies: The Case of Optimal Control of Maintenance Under Uncertainty

In: Dynamic Perspectives on Managerial Decision Making

Author

Listed:
  • Ali Dogramaci

    (Bilkent University)

  • Suresh Sethi

    (The University of Texas at Dallas)

Abstract

The speed with which an organization takes action against unplanned failure and scrapping of its capital equipment is used as a measure of organizational nimbleness. Operational decisions at the plant level are studied in terms of the optimal control model of Kamien and Schwarz for maintenance policy. In this context it is shown how the form of optimal policies at the lower operational levels change, as the degree of nimbleness in decision making at higher echelons of the organization is increased.

Suggested Citation

  • Ali Dogramaci & Suresh Sethi, 2016. "Organizational Nimbleness and Operational Policies: The Case of Optimal Control of Maintenance Under Uncertainty," Dynamic Modeling and Econometrics in Economics and Finance, in: Herbert Dawid & Karl F. Doerner & Gustav Feichtinger & Peter M. Kort & Andrea Seidl (ed.), Dynamic Perspectives on Managerial Decision Making, pages 253-277, Springer.
    • Handle: RePEc:spr:dymchp:978-3-319-39120-5_15
    DOI: 10.1007/978-3-319-39120-5_15
    as

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