Investment evaluation of RFID technology radio frequency identification applications: An evolution perspective

Abstract

Prior empirical research on the evaluation of RFID technology Radio Frequency Identification treats and assesses individual RFID applications Radio Frequency Identification applications independently and in isolation from each other. However, literature on investment evaluation of information technologies has recognised and utilised the significance of evaluating interdependent information systems (IS) projects with synergies. Moreover, previous studies when appraising the business value of an RFID investment ignore its opportunity to offer and evolve into additional follow-on investmentsfollow-on investments in the future. Nevertheless, the importance of this notion has been acknowledged by the pertinent literature for the evaluation of other information technologies. This chapter proposes an approach for the investment evaluationinvestment evaluation of RFID applications considering them rather as a bundle of interdependent and sequential investments than as stand-alone ones. The results from a case study demonstrate how the proposed approach can be employed for the evaluation of RFID projects and offering an additional insight into evaluating investments in RFID applications. © 2011 Springer-Verlag Berlin Heidelberg.