Flexible Decision’s Countermeasure for Cumulative Effect of Learning in Construction and Operation Stages of Investment Project
The construction and operation process of project is also a learning process. The project’s learning effect includes not only accumulating knowledge and skills, but also adding the information which is not known in the phase of decisionmaking. Since the knowledge, ability and information which are learning by practice are all belong to later information, if the project is a onetime decision, the added information will not be effective. Therefore, it is an effective way to cope with the cumulative effect of learning that it is necessary to make the decision flexible , allow some opportunity windows in the original decision to revise in the future , and let the added knowledge and information support the following decision. “Flexible decision arrangement includes: waiting flexible, conversion flexible, switching scale flexible, program abandoning flexible, and phased implementation flexible, etc.
project constructionandoperation cumulativeeffectoflearning flexibledecision
Liu Xiaoke Chen Tong Ding Yichen
School of Management and EconomicsTianjin UniversityTianjin, P.R.China, 300072 School of Economics Liaoning University Shenyang, P.R.China, 110136
国际会议
广州
英文
1-5
2011-05-13（万方平台首次上网日期，不代表论文的发表时间）