A model for information systems evaluation

Author

Wu, Liang-Chuan

Author_Institution

Inst. of Technol. Manage., Nat. Chung Hsing Univ., Taichung, Taiwan

Volume

1

fYear

2011

fDate

4-7 Aug. 2011

Firstpage

28

Lastpage

31

Abstract

ERP value has been long assumed to be static in traditional evaluations. This study proposes a stochastic simulation model of ERP business value, which bridges the gap between ERP business value theories and modern finance evaluation approaches. By incorporating life cycle, the critical characteristic of ERP business value, uncertainty is explicitly accounted for in the model. We quantitatively justify the value of ERP by taking life cycle uncertainty tracking into account, which is more realistic for ERP investments in real world settings.

Keywords

enterprise resource planning; information systems; investment; stochastic processes; ERP business value; ERP investment; enterprise resource planning; finance evaluation approach; information system evaluation; stochastic simulation model; Information systems; Information technology; Investments; Mathematical model; Organizations; Uncertainty; Information Systems; Uncertainty;

fLanguage

English

Publisher

ieee

Conference_Titel

Uncertainty Reasoning and Knowledge Engineering (URKE), 2011 International Conference on

Conference_Location

Bali

Print_ISBN

978-1-4244-9985-4

Electronic_ISBN

978-1-4244-9984-7

Type

conf

DOI

10.1109/URKE.2011.6007831

Filename

6007831