The S curve: A dynamic view of in ERP evaluation

Previous Enterprise Resource Planning (ERP) evaluation methods using closed-form solutions have ignored the unique characteristics of ERP's life cycle. We propose a lifecycle model based on simulation and stochastic processes to capture and evaluate ERP's value, including additional key fa...

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Bibliographic Details
Published inThe Engineering economist Vol. 68; no. 3; pp. 169 - 188
Main Authors Wu, Liang-Hong, Ulhas, Khire Rushikesh, Tan, Kim Hua, Wu, Liangchuan
Format Journal Article
LanguageEnglish
Published Norcross Taylor & Francis 03.07.2023
Taylor & Francis Inc
Subjects
Decision making
Enterprise resource planning
ERP evaluation
ERP life cycle
Life cycles
S curves
stochastic model
Stochastic models
Stochastic processes
Uncertainty
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Summary:Previous Enterprise Resource Planning (ERP) evaluation methods using closed-form solutions have ignored the unique characteristics of ERP's life cycle. We propose a lifecycle model based on simulation and stochastic processes to capture and evaluate ERP's value, including additional key factors. Our results show that accounting for the life cycle, ERP value differs from traditional wisdom and supports decision making from various factors and scopes, considering ERP's implementation's unique characteristics.
ISSN:0013-791X
1547-2701
DOI:10.1080/0013791X.2023.2209080