Titlebook: Investment and Exit Decisions at the Plant Level; A Dynamic Programmin Joachim Winter Book 1998 Physica-Verlag Heidelberg 1998 Dynamic Prog

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Joachim Winterf an enterprise from the variable way in which it is realize.If one thing catches the eye in almost all literature about (re)designing or (re)engineering of enterprises, it is the lack of a well-founded theory about their construction and operation. Often even the most basic notions like "action" or

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Joachim Wintere essence of an organization from its actual appearance. The operation axiom tells us that the implementation independent essence of an organization is that it consists of actor roles and that the acts performed by (the subjects that fulfill) the actor roles can be divided into two kinds: production

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shing the goals of intellectual manageability, organisational concinnity and social devotion. By revealing the essence of an enterprise’s organisation, enterprise ontology addresses business processes, data and rules in a fundamental and truly integrated way. In addition, it provides deep insight in

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Introduction,heory of investment. This new literature addresses two related issues: First, the empirical failure of earlier neoclassical investment models in explaining stylized facts of firms’ investment decisions, and second, the need to provide solid microfoundations for macroeconomic models in general. The r

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A dynamic programming framework for the analysis of firm decisions,e main purpose of the model is not to serve as a tool for the theoretical analysis of firms’ investment decisions, but to give empirical studies a solid foundation in recent theoretical advances in this field. Hence, the model is quite stylized in some respects (such as its focus on discrete decisio

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