A hybrid approach to the valuation of RFID/MEMS technology applied to ordnance inventory
International Journal of Production EconomicsPublished 22 June 2006
Kenneth H. Doerr, William R. Gates, John E. Mutty
Citations108
SJR quartileQ1
SJR score2.83
SNIP2.67
Generate an AI Snapshot to get a quick, structured summary of this paper.
Study Snapshot
ObjectiveStudy objective
MethodsResearch methodology
PopulationPopulation studied
Sample sizeSample sizes
OutcomesStudy outcomes here
ResultsStudy results comes here
LimitationsResearch study limitations comes here
A concise AI-generated summary of the paper will appear here once you click Generate AI Snapshot.
TL;DR
An analysis of the costs and benefits of fielding Radio Frequency Identification/MicroElectroMechanical System (RFID/MEMS) technology for the management of ordnance inventory and a factorial model of these benefits is proposed.
Abstract
We report on an analysis of the costs and benefits of fielding Radio Frequency Identification/MicroElectroMechanical System (RFID/MEMS) technology for the management of ordnance inventory. A factorial model of these benefits is proposed. Our valuation approach combines a multi-criteria tool for the valuation of qualitative factors with a Monte-Carlo simulation of anticipated financial factors. In a sample survey, qualitative factors are shown to account of over half of the anticipated benefits. The scale of the financial benefits, however, was sufficiently great to obviate the need for further analysis of qualitative factors.
Keywords
Economics, Econometrics and Finance
Journal of the American Statistical AssociationMeasurement, Design, and Analysis: An Integrated Approach.
4,066 Citations1992Sandra G. Funk, Elazar J. Pedhazur +1 more
Medical Entomology and ZoologyDecision analysis and behavioral research
3,065 Citations1986Detlof von Winterfeldt, Ward Edwards
Administrative Science QuarterlyManagement Fashion: Lifecycles, Triggers, and Collective Learning Processes
1,126 Citations1999Eric Abrahamson, Gregory B. Fairchild
Information Systems ResearchReal Options and IT Platform Adoption: Implications for Theory and Practice
458 Citations2004Robert G. Fichman
A model of the determinants of option value associated with investments in innovative IT platforms is developed, addressing a central question in the innovation field: When should a firm take a lead role in innovation with emerging technologies.
International Journal of Production EconomicsInventory inaccuracy and supply chain performance: a simulation study of a retail supply chain
395 Citations2004Elgar Fleisch, Christian Tellkamp
The results indicate that an elimination of inventory inaccuracy can reduce supply chain costs as well as the out-of-stock level.
Communications of the ACMEvaluation of strategic investments in information technology
385 Citations1991Eric K. Clemons
Alternative techniques for evaluating the business case for strategic systems have been developed and have worked well in practice.
Academy of Management JournalPROFILES IN QUITTING: INTEGRATING PROCESS AND CONTENT TURNOVER THEORY.
383 Citations2004Carl P. Maertz, Michael A. Campion
European Journal of Operational ResearchOn the convergence of multiattribute weighting methods
314 Citations2001Mari Pöyhönen, Raimo P. Hämäläinen
This is the first experiment where the subjects created the alternatives and attributes themselves and suggests that the resulting weights are different because the methods explicitly or implicitly lead the decision makers to choose their responses from a limited set of numbers.
Calhoun: The Naval Postgraduate School Institutional Archive (Naval Postgraduate School)Measuring and Managing Knowledge
217 Citations2001Thomas J. Housel, Arthur H. Bell
Marketing Intelligence & PlanningThe benefits, challenges and impacts of radio frequency identification technology (RFID) for retailers in the UK
178 Citations2005Peter Jones, David Hillier +1 more
Investment in Manufacturing Technology
101 Citations1992P. L. Primrose
International Journal of Production EconomicsApplying concepts of fuzzy cognitive mapping to model: The IT/IS investment evaluation process
92 Citations2002Zahir Irani, Amir M. Sharif +2 more
In establishing a number of limitations inherent in traditional appraisal techniques, the concept of multivalent, or fuzzy logic, is used to demonstrate how inter-relationships can be modeled between key dimensions identified in a proposed conceptual model for investment evaluation.
International Journal of Production EconomicsEconomic and strategic justification of AMT inferences from industrial practices
77 Citations1997Michael H. Small, Injazz J. Chen
International Journal of Production EconomicsA comprehensive bibliography on justification of advanced manufacturing systems
73 Citations2002Feraidoon Raafat
Journal of Intellectual CapitalA framework of intangible valuation areas (FIVA)
64 Citations2005Annie Green, Julie J.C.H. Ryan
IT firms that use a standard and consistent taxonomy of intangible assets could increase its ability to identify and account for more intangible assets for measurement and valuation.
Journal of Global Information Technology ManagementAHP, Fuzzy Measure and Fuzzy Integral Approaches for the Appraisal of Information Service Providers in Taiwan
52 Citations2003Daniel Y. Shee, Gwo‐Hshiung Tzeng +1 more
Detailed investigation of each criterion indicates that data security and user privacy protection, virus and hacker damage prevention, the maintenance of normal IS operations, rapid resolution of customer problems and stable networking with increasing speed are the more important criteria.
Engineering Costs and Production EconomicsInvestment justification in flexible manufacturing systems
51 Citations1991Munindra Kakati, Udayan Dhar
International Journal of Operations & Production ManagementFactors in capital decisions involving advanced manufacturing technologies
37 Citations2001B. E. A. Saleh, Marla E. Hacker +1 more
The primary focus in the development of this framework is the modularity of the framework so that it is applicable to a wide range of advanced manufacturing systems with differing process configurations and technologies.
Decision Support SystemsAn application of the learning curve and the nonconstant-growth dividend model: IT investment valuations at Intel® Corporation
22 Citations2004Shana L. Dardan, Doug Busch +1 more
This paper utilizes a nonconstant dividend growth model to ''capture'' lasting marginal productivity gained through the ''reinvestment'' of labor capital rather than the standard the one-time gain of reducing the labor force to realize labor productivity gains.
Journal of accountancy online/Journal of accountancyRadio Frequency Identification: The Wave of the Future; as Bar Codes Give Way to RFID Tags, Accounting for Inventory Will Go High-Tech
18 Citations2004Harold E. Davis, Michael S. Luehlfing
CPAs are shown how to help their clients and employers use RFID in the most cost-effective ways possible and members in industry may find the use of RFID systems influencing the inventory-costing method their company uses.
European Journal of Operational ResearchInclusion of flexibility benefits in discounted cash flow analyses for investment evaluation: A simulation/optimization model
16 Citations1997Ranga V. Ramasesh, Maliyakal D. Jayakumar
Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)Analysis of Tobyhanna Army Depot's Radio Frequency Identification (RFID) Pilot Program: RFID as an Asset Management Tool
4 Citations2005Keith W. Miertschin, Brian D. Forrest
Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)RFID benefits: looking beyond ROI
3 Citations2005Shane Guilford, Mark C Kutis
The Value of Logistics Information to the Warfighter
3 Citations2004Christopher J. Corrigan, Jayson E. Kielar
Decision Support SystemsAn economic view of information systems
2 Citations2004Krishnan S. Anand, Terrence Hendershott +1 more
A learning curve function within a nonconstant dividend growth model is employed to measure the marginal productivity benefits both during the learning about the technology and after its adoption.