The Investment and Decision Making Based on Option Theory in ERP Project

被引：0

作者：

Zhu, Bing ^{[1
]}

Wang, Penghui ^{[1
]}

机构：

[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing, Peoples R China

来源：

IEEE/SOLI'2008: PROCEEDINGS OF 2008 IEEE INTERNATIONAL CONFERENCE ON SERVICE OPERATIONS AND LOGISTICS, AND INFORMATICS, VOLS 1 AND 2 | 2008年

关键词：

ERP project; ERP investment; real option; option value;

D O I：

10.1109/SOLI.2008.4682853

中图分类号：

TM [电工技术]; TN [电子技术、通信技术];

学科分类号：

0808 ; 0809 ;

摘要：

With the development of information technology, more and more enterprises have determined to make investment on ERP project. Whether or not to make this investment can be regarded as a option for the company. This paper introduces the characteristic of ERP system first, and analyzes the investment, then brings option theory into ERP investment to evaluate the value of investment. The approach of evaluating value includes traditional NPV of expected cash flow and the option value of operating.

引用

页码：1962 / 1965

页数：4