Article ID: | iaor20171794 |
Volume: | 11 |
Issue: | 5 |
Start Page Number: | 995 |
End Page Number: | 1011 |
Publication Date: | Jun 2017 |
Journal: | Optimization Letters |
Authors: | Liu Xinbao, Fu Chao, Pardalos Panos, Liu Lin, Pei Jun, Zhou Zhiping |
Keywords: | computers: information, production, manufacturing industries, networks, investment |
The emerging information technology of internet of things (IoT) has caught much attention from both theoretical research and production practice. The application of IoT in manufacturing industry can dramatically improve business process efficiency and promote organizational performance. However, firms tend to hesitate in the investment decisions, which poses great challenges to the IoT application progress. Besides the investment nature of long cycle and high risk, the ‘organizational factors’ are also non‐ignorable. A general organizational change model is first refined according to the organizational change of