Title :
Study on ERP II decisions under asymmetric information: An agency approach
Author :
Lina, Wang ; Milis, Koen ; Poelmans, Stephan
Author_Institution :
Sch. of Econ. Manage., Liaoning Univ. of Technol., Jinzhou, China
Abstract :
In this paper, the optimization investment policy decision of an ERP II implementation has been analyzed under different information conditions. ERP II implementing options´ decision-optimizing models were established. In these models, both clients and vendors try to pursue their own benefits. Based upon the principal-agent theory, the models show how a principal can force an agent to pursue his benefits. Finally, a simulation experiment regarding ERP II implementing options was made. The analysis result of ERP II implementing options is verified.
Keywords :
decision making; enterprise resource planning; investment; optimisation; ERP II decisions; asymmetric information; clients; decision-optimizing models; enterprise resource planning; financial options; optimization investment policy decision; principal-agent theory; vendors; Automation; Conference management; Contracts; Costs; Enterprise resource planning; Information analysis; Investments; Mechatronics; Supply chains; Technology management; Asymmetry information; ERP II implementing problems; Evaluation level; Implementing control cost; Principal-agent; Solution;
Conference_Titel :
Mechatronics and Automation, 2009. ICMA 2009. International Conference on
Conference_Location :
Changchun
Print_ISBN :
978-1-4244-2692-8
Electronic_ISBN :
978-1-4244-2693-5
DOI :
10.1109/ICMA.2009.5244981
