Updating the Oracle 11g version 2 database.

i have a oracle 11g release2 as my production database. is it possible to issue any alter table or procedure change commands without effecting the running application.

ALTER TABLE can take an exclusive DDL lock on a table which can block DML (INSERT, UPDATE, DELETE) but not SELECT statement.
A PL/SQL procedure or package cannot be recompiled if it is running.
So answer is likely no unless you are sure that what the application exactly does in the database cannot interfere with database object changes.
For PL/SQL objects you might use editions http://docs.oracle.com/cd/E11882_01/server.112/e25494/general010.htm but this something that must be carefully prepared (and it does not work with database tables).

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