The benefits evaluation of ERP project investment based on real options

被引:4
|
作者
Wu, F. [1 ,2 ]
Liu, C. [3 ]
Li, H. Z. [1 ]
Gao, K. [1 ]
Tian, J. [1 ]
机构
[1] Xi An Jiao Tong Univ, Sch Management, Xian 710049, Peoples R China
[2] Key Lab Informat Management & Informat Econ, Minist Educ, Beijing, Peoples R China
[3] Xian Polytech Univ, Xian 710048, Peoples R China
基金
中国国家自然科学基金;
关键词
D O I
10.1109/ICSMC.2006.384772
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
Investment in enterprise resources planning (ERP) has become a dominant part of IT investment of many organizations. The benefits of the ERP investment are uncertain, and many of the benefits are elusive. It is therefore very difficult for managers to make good investment decision, as there is not an effectively approach to quantify intangible benefits of ERP, and the enterprise used to overrate the benefits of ERP. The benefits of ERP are divided into tangible benefits and intangible benefits. Hochstrasser model is used to analyze the uncertainties of tangible benefits in the process of ERP project investment and an ERP value creation index model is developed, which lists nine most critical drivers of non-financial performances that determine corporation value creation such as enterprise creation and environment. These value drivers can be combined to form a single measurement of non-financial performance. Fuzzy evaluation approach is applied to quantify intangible benefits of ERP. The model has solved the quantifying problem of intangible benefits in ERP's investment based on real option.
引用
收藏
页码:4078 / +
页数:2
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