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The strategic value of flexibility in sequential decision making

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  • Benjaafar, Saifallah
  • Morin, Thomas L.
  • Talavage, Joseph J.

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  • Benjaafar, Saifallah & Morin, Thomas L. & Talavage, Joseph J., 1995. "The strategic value of flexibility in sequential decision making," European Journal of Operational Research, Elsevier, vol. 82(3), pages 438-457, May.
    • Handle: RePEc:eee:ejores:v:82:y:1995:i:3:p:438-457
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    References listed on IDEAS

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    1. M. W. Merkhofer, 1977. "The Value of Information Given Decision Flexibility," Management Science, INFORMS, vol. 23(7), pages 716-727, March.
    2. George Stigler, 1939. "Production and Distribution in the Short Run," Journal of Political Economy, University of Chicago Press, vol. 47, pages 305-305.
    3. Epstein, Larry G, 1980. "Decision Making and the Temporal Resolution of Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(2), pages 269-283, June.
    4. Robert A. Jones & Joseph M. Ostroy, 1984. "Flexibility and Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(1), pages 13-32.
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    Cited by:

    1. McAleer, M.J. & Jiménez-Martín, J.A. & Pérez-Amaral, T., 2008. "A decision rule to minimize daily capital charges in forecasting value-at-risk," Econometric Institute Research Papers EI 2008-34, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    2. Hahn, G.J. & Kuhn, H., 2012. "Simultaneous investment, operations, and financial planning in supply chains: A value-based optimization approach," International Journal of Production Economics, Elsevier, vol. 140(2), pages 559-569.
    3. Elena Katok & William Tarantino & Terry P. Harrison, 2003. "Investment in production resource flexibility: An empirical investigation of methods for planning under uncertainty," Naval Research Logistics (NRL), John Wiley & Sons, vol. 50(2), pages 105-129, March.
    4. Barad, M. & Even Sapir, D., 2003. "Flexibility in logistic systems--modeling and performance evaluation," International Journal of Production Economics, Elsevier, vol. 85(2), pages 155-170, August.
    5. Brett Houlding & Frank P. A. Coolen & Donnacha Bolger, 2015. "A Conjugate Class of Utility Functions for Sequential Decision Problems," Risk Analysis, John Wiley & Sons, vol. 35(9), pages 1611-1622, September.
    6. Fitzgerald, Guy & Barad, Miryam & Papazafeiropoulou, Anastasia & Alaa, Ghada, 2009. "A framework for analyzing flexibility of generic objects," International Journal of Production Economics, Elsevier, vol. 122(1), pages 329-339, November.
    7. Schneeweiss, Ch. & Schneider, H., 1999. "Measuring and designing flexibility as a generalized service degree," European Journal of Operational Research, Elsevier, vol. 112(1), pages 98-106, January.
    8. Li, Da-yuan & Liu, Juan, 2014. "Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China," Journal of Business Research, Elsevier, vol. 67(1), pages 2793-2799.
    9. Skintzi, Georgia & Ioannou, George & Prastacos, Gregory, 2008. "Investigating warehousing policies," International Journal of Production Economics, Elsevier, vol. 112(2), pages 955-970, April.
    10. Kumar, Ram L., 1999. "Understanding DSS value: an options perspective," Omega, Elsevier, vol. 27(3), pages 295-304, June.

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