Transaction cost economics: a theoretical perspective for operations and supply chain management research. Critical and conceptual review
DOI:
https://doi.org/10.24054/face.v22i1.1494Keywords:
amounts, decisions , age, schooling, income, preferencesAbstract
This paper analyzes the role played by the conceptual framework of Operations Management in the broad field of study of management, from the perspective of the New Institutional Economics, Transaction Cost Economics and other approaches that seek to explain the various organizational processes such as strategic production planning, vertical and lateral integration decision processes, and classic dilemmas of manufacturing production such as making versus buying. In particular, through a critically oriented literature review, the main objective of the paper is to analyze the three most important managerial decision levels of operations management under the governance mechanisms approach of Transaction Cost Economics, the Decision Theory approach and the sociological approach of the organization.
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