This volume contains the edited version of the technical presentations of PROLMAT 2006, the IFIP TC5 international conference held on June 15-17, 2006 at the Shanghai University in China. Profitability is no longer only a function of price, cost, and adequate quality. The way sustained competitive advantage relates to a firm is distinctive and it is difficult to replicate competencies. The basis for a firm’s core competencies is its repository of organizational knowledge. This is highly-valued knowledge that provides opportunities for adding exclusive value to products and services of an enterprise. Knowledge strategy will be related to innovation, learning, and agility. Conversion of advanced research into advanced products; acquisition of knowledge from experience; and fast response-time to the dynamic market changes, are the important rules of international industrial competition at the moment. Innovation, learning, and agility are key factors for companies, which must shift...

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