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An Optimization Model for Valuating Process Flexibility

Title data

Afflerbach, Patrick ; Kastner, Gregor ; Krause, Felix ; Röglinger, Maximilian:
An Optimization Model for Valuating Process Flexibility.
2013
Event: 34th International Conference on Information Systems (ICIS) , 15.-18. Dez. 2013 , Milan, Italy.
(Conference item: Conference , Paper )

Official URL: Volltext

Abstract in another language

Although flexible processes are deemed critical for many companies and constitute a key concern of business process management, there is a lack of approaches for valuating process flexibility from an economic perspective and for determining an appropriate level of process flexibility. Today, companies do not know how flexible their processes should be. While generally advocating balanced investments, scholars provide concrete recommendations for very specific settings only. What is missing is a more general guidance and a deeper investigation of the positive economic effects of flexible processes, which are hard-to-measure and beset with risks. Against this backdrop, we propose an optimization model that enables determining the optimal level of process flexibility in line with the principles of value-based business process management. We also report on the insights gained from applying the optimization model to the production processes of an international company from the semi-conductor industry.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Keywords: Business Process Management; Process Flexibility; Optimization Model; Decision Analysis; Value-based Management
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Information Systems and Value Oriented Process Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Information Systems and Value Oriented Process Management > Professorship Business Information Systems and Value Oriented Process Management - Univ.-Prof. Dr. Maximilian Röglinger
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: No
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 08 Apr 2015 06:55
Last Modified: 21 Sep 2015 05:17
URI: https://eref.uni-bayreuth.de/id/eprint/8254