Risk analysis for RFID investments under uncertainty

Emre Cevikcan*, Alp Ustundag

*Bu çalışma için yazışmadan sorumlu yazar

Araştırma sonucu: ???type-name???Bölümbilirkişi

1 Atıf (Scopus)

Özet

Radio Frequency Identification (RFID) technology is one of the straightforward technologies being used by a number of both manufacturing and service systems. Investments in RFID technologies are expected not only to reduce costs but also to increase business value. Moreover, integrating achievements and costs of RFID investments in a consistent manner may present additional investment opportunities. That being the case, risk assessment becomes the critical success factor in RFID investments. In this chapter, risk model which considers both costs and benefits of RFID investments is developed. The internal rate of return (IRR) is regarded as the performance measure for investments. Monte-Carlo simulation is utilized for obtaining outputs from the risk model. Hypothetical application of the model is included so as to demonstrate its practicality. Sensitivity analysis is made to review the influence of stochastic variables on IRR. The results indicate that the model is appropriate for real-life applications. Moreover, IRR has shown the highest level of sensitivity to customer demand.

Orijinal dilİngilizce
Ana bilgisayar yayını başlığıThe Value of RFID
Ana bilgisayar yayını alt yazısıBenefits Vs. Costs
YayınlayanSpringer-Verlag London Ltd
Sayfalar23-34
Sayfa sayısı12
ISBN (Elektronik)9781447143451
ISBN (Basılı)9781447143444
DOI'lar
Yayın durumuYayınlandı - 1 Oca 2013

Bibliyografik not

Publisher Copyright:
© Springer-Verlag London 2013.

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