An analytical approach for making management decisions concerning corporate restructuring

Beixin Lin, Zu Hsu Lee, Richard Peterson

Research output: Contribution to journalArticlepeer-review

7 Scopus citations


Internal corporate restructuring activities, such as downsizing, sale or termination of a business line, facility closure, consolidation, or relocation, often occur as part of managerial strategies intended to improve efficiency, control costs, and adapt to an ever-changing business environment. Such actions frequently result in fundamental changes in a business's organization, its strategies, its systems, and its operations. They can unsettle a business and often significantly affect current and future earnings and cash flows. In this paper we propose a novel decision-making model through the use of the dynamic programming technique to illustrate how management can determine the optimal timing and appropriate restructuring actions that maximize the benefits of a restructuring program.

Original languageEnglish
Pages (from-to)655-666
Number of pages12
JournalManagerial and Decision Economics
Issue number8
StatePublished - Dec 2006


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