In this paper we discuss a dynamic efficiency measurement model for evaluating the performance of highway maintenance policies where the inter-temporal dependencies between consumption of inputs (i.e., maintenance budget) and realization of outputs (i.e., improvement in road condition) are...

We examine how delays between actions and their consequent payoffs affect the process of organizational adaptation. Formal conceptions of organizational learning typically include the assumption that payoffs immediately follow their antecedent actions, making the search for better strategies...