Decision making on risky innovative production investments
Research output: Other conference contribution › Paper, poster or abstract › Scientific
Details
| Original language | English |
|---|---|
| Number of pages | 10 |
| Publication status | Published - Jun 2019 |
| Publication type | Not Eligible |
| Event | European Operations Management Association Conference 2019: Operations adding value to society - Hanken, Helsinki, Finland Duration: 17 Jun 2019 → 19 Jun 2019 Conference number: 26 http://euroma2019.org/ |
Conference
| Conference | European Operations Management Association Conference 2019 |
|---|---|
| Abbreviated title | EUROMA 2019 |
| Country | Finland |
| City | Helsinki |
| Period | 17/06/19 → 19/06/19 |
| 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.
Field of science, Statistics Finland
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