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Multi-period models for analyzing the dynamics of process improvement activities

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  • Vörös, József

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.

Suggested Citation

  • Vörös, József, 2013. "Multi-period models for analyzing the dynamics of process improvement activities," European Journal of Operational Research, Elsevier, vol. 230(3), pages 615-623.
    • Handle: RePEc:eee:ejores:v:230:y:2013:i:3:p:615-623
    DOI: 10.1016/j.ejor.2013.04.036
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    Cited by:

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    6. Katarina Teplicka & Katarina Culkova & Ondrej Zeleznik, 2015. "Application Of Bayess Principle Optimum - Optimization Model For Managerial Decision And Continual Improvement," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 12(2), pages 170-179, December.
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