Return on investment analysis for evaluation of RFID implementation on cargo operations

Alp Üstündaǧ*, Emre Çevikcan

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Citations (Scopus)

Abstract

Radio Frequency Identification (RFID) is one of the most promising new technologies to provide better monitoring and coordination in the supply chain. However, high investment cost and inadequate technical capability remain as challenges for RFID system implementations. That being the case, fair evaluation of savings associated with increasing performance and investment costs has a great role in the success of RFID projects. This study presents an initial methodology for the adaptation of RFID technology to the service processes of a Turkish cargo firm. Costs and benefits arising from RFID technology implementation are analyzed to determine the return on investment (ROI) in the feasibility study. ROI for different tag prices is also computed to examine the effect of tag prices on RFID investment.

Original languageEnglish
Title of host publication2007 1st Annual RFID Eurasia
DOIs
Publication statusPublished - 2007
Event2007 1st Annual RFID Eurasia - Istanbul, Turkey
Duration: 5 Sept 20076 Sept 2007

Publication series

Name2007 1st Annual RFID Eurasia

Conference

Conference2007 1st Annual RFID Eurasia
Country/TerritoryTurkey
CityIstanbul
Period5/09/076/09/07

Keywords

  • Cargo operations
  • RFID
  • ROI

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