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Capability development in business system in the uncertainty conditions

Capability development in business system in the uncertainty conditions The long-term planning is impossible in conditions of uncertainty and continuous changes. The paper encompasses the original synthesis of the theory of real options, risk management, modelling uncertainty, method of analytic hierarchy process and fuzzy logic, and it represents a contribution to the construction of tools for decision-making support for directing the capability development process in business system. The procedure is based on moderate and manageable number of influential sizes and provides a comprehensive management of the problem with searching for suitable solutions. The procedure includes dealing with suitability, i.e. usefulness of logic of theory of real options with development of strategic capacities, as well as obstacles, which limit its usefulness; development of heuristic system approach which, on the basis of theory of real options, encourages the decision-making in capabilities development in business systems; completion of heuristic approach for effective interpretation of numerical results and their support to decision-making process. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Services Operations and Informatics Inderscience Publishers

Capability development in business system in the uncertainty conditions

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1741-539X
eISSN
1741-5403
DOI
10.1504/IJSOI.2010.034037
Publisher site
See Article on Publisher Site

Abstract

The long-term planning is impossible in conditions of uncertainty and continuous changes. The paper encompasses the original synthesis of the theory of real options, risk management, modelling uncertainty, method of analytic hierarchy process and fuzzy logic, and it represents a contribution to the construction of tools for decision-making support for directing the capability development process in business system. The procedure is based on moderate and manageable number of influential sizes and provides a comprehensive management of the problem with searching for suitable solutions. The procedure includes dealing with suitability, i.e. usefulness of logic of theory of real options with development of strategic capacities, as well as obstacles, which limit its usefulness; development of heuristic system approach which, on the basis of theory of real options, encourages the decision-making in capabilities development in business systems; completion of heuristic approach for effective interpretation of numerical results and their support to decision-making process.

Journal

International Journal of Services Operations and InformaticsInderscience Publishers

Published: Jan 1, 2010

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