The Investment and Decision Making Based on Option Theory in ERP Project
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.
ERP project ERP investment real option option value
Bing Zhu Penghui Wang
School of Economics and ManagementBeijing Jiaotong universityBeijing,China School of Economics and Management Beijing Jiaotong university Beijing,China
国际会议
北京
英文
2008-10-12（万方平台首次上网日期，不代表论文的发表时间）