Operations Research, Systems Engineering and Industrial Engineering Commons^™

Strategic Flexibility, Kihyung Kim

Open Access Dissertations

A flexible system is defined as one that can change the entity's stance, capability or status reacting to a change of the entity's environment. Flexibility has gathered the attention of academic researchers and industry practitioners as an efficient approach to cope with today's volatile environment. As the environments become more unpredictable and volatile, it is imperative for a flexible system to respond quickly to a change in its circumstance. How much flexibility is embedded into the system also has a critical impact on the long-term effectiveness of the flexible system. Moreover, this research focuses on the strategic environment where a …