Or what you can do, is add a new field in your existing application group, and then do an update on the segment table to fill the new field from string to decimal.
Then on the folder, you change the string field with a decimal field (meaning basically to recreate a new folder...)
On the application side, you put a default value on the old string field with a dummy value "."
So you don't need to recreate a new application group.
Unofficially, there is a non supported way :-) but that requires a lot of DB2 manipulation... lots of changes in the ARS tables too... and I don't know if it is worth mentioning it!!
If you have some DBA, and some time to kill... and some nerves then to do it in the production... then it can be done.... (I've done it to convert a column from string to integer, and also the reverse integer to string).
But I won't advise it...