The uncertainty decision-making of ERP investment

被引：0

作者：

Wu, Feng ^{[1
,3
]}

Li, Huaizu ^{[1
]}

Chu, Lk ^{[2
]}

Gao, Kun ^{[1
]}

机构：

[1] Xi An Jiao Tong Univ, Sch Management, Xian 710049, Peoples R China

[2] Univ Hong Kong, Dept Ind & Mfg Syst Engn, Hong Kong, Hong Kong, Peoples R China

[3] Educ Minist, Key Lab Infonnat Management & Infonnat Econ, Beijing 100080, Peoples R China

来源：

RESEARCH AND PRACTICAL ISSUES OF ENTERPRISE INFORMATION SYSTEMS II, VOL 1 | 2008年 / 254卷

关键词：

ERP; real option; uncertainty decision-making; investment; risk;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Investment in ERP projects has become a dominant part of IT investment of many enterprises. Traditional approaches used for such project evaluation are mainly based on Internal Rate of Return (IRR) and Net Present Value (NPV). However these approaches completely lack the ability to deal with the uncertainties in decision making process of the ERP investment. On the base of risk and uncertain analysis, this study employs a mathematical model to design an ERP decision analytical model based on real option. The model has accounted for the uncertainties and management flexibilities, it is more appropriate to evaluate ERP project investment in uncertainty.

引用

页码：85 / +

页数：3

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