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Decision making on risky innovative production investments

Research output: Other conference contributionPaper, poster or abstractScientific

Details

Original languageEnglish
Number of pages10
Publication statusPublished - Jun 2019
Publication typeNot Eligible
EventEuropean Operations Management Association Conference 2019: Operations adding value to society - Hanken, Helsinki, Finland
Duration: 17 Jun 201919 Jun 2019
Conference number: 26
http://euroma2019.org/

Conference

ConferenceEuropean Operations Management Association Conference 2019
Abbreviated titleEUROMA 2019
CountryFinland
CityHelsinki
Period17/06/1919/06/19
Internet address

Abstract

Radical manufacturing technology innovations (RMTI) involve the introduction of new technologies in the firm’s production processes. They represent especially challenging production investment decisions, due to inherent high risks and uncertainties. Firms’ approaches to RMTI decision making are insufficiently understood. We explore the nature of RMTI decision making processes in nine RMTI projects from three manufacturing firms. The findings reveal slight differences compared to typical investment processes and organizations’ different approaches for guiding the decision making.

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