BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Rudny Włodzimierz (Uniwersytet Ekonomiczny w Katowicach)
Title
Opcje rzeczowe w modelowaniu procesów biznesowych w sektorze IT - korzyści i ograniczenia
Real Options in Information Technology Business Processes Modelling - Benefits and Limitations
Source
Zeszyty Naukowe Uniwersytetu Szczecińskiego. Ekonomiczne Problemy Usług, 2012, nr 87, s. 488-501, bibliogr. 32 poz.
Issue title
Gospodarka elektroniczna: wyzwania rozwojowe. T. 1
Keyword
Przedsiębiorstwo informatyczne, Modelowanie procesów biznesowych
IT enterprises, Business Process Modeling
Note
summ.
Abstract
Począwszy od lat dziewięćdziesiątych minionego stulecia zyskuje popularność koncepcja opcji rzeczowych. Zastosowanie tej koncepcji to przede wszystkim: ocena opłacalności przedsięwzięć inwestycyjnych, wycena przedsiębiorstw, a także modelowanie procesów biznesowych. Wiele publikacji tudzież aplikacji tej koncepcji dotyczy sektora technologii informacyjnych i komunikacyjnych. Badania empiryczne poświęcone popularności tej koncepcji wśród menedżerów nie potwierdzają jednak wzrostu jej znaczenia w procesach decyzyjnych i nie wskazują, aby - lansowana przez część teoretyków - teza o szybkim zastąpieniu tradycyjnych metod, opartych na dyskontowaniu oczekiwanych przepływów pieniężnych przez analizę opcji realnych, miała uzasadnienie. Celem niniejszego opracowania jest prezentacja korzyści, jakie płyną z wykorzystania analizy opcji realnych, pokazanie przykładów zastosowania tej metody w sektorze IT oraz wyeksponowanie ograniczeń stosowania tej metody. (fragment tekstu)

Real options constitute a systematic and integrated approach to valuation of real assets in a dynamic and uncertain environment. They are also used in the context of company valuation and business strategy preparation. Real options value managerial flexibility in capital intensive, irreversible and sequential investments. Application of real option methodology has become popular in IT sector, however most models presented are not sufficiently operationalized. The comparability between financial and real options inputs and valuation methods remains doubtful. Real options, unlike financial ones, are heavily influenced by patterns of organizational behavior. (original abstract)
Accessibility
The Library of Warsaw School of Economics
The Main Library of Poznań University of Economics and Business
Szczecin University Main Library
Full text
Show
Bibliography
Show
  1. Angelou G., Economides A., Flexible ICT investments analysis using real options, "International Journal of Technology, Policy and Management" 2005, Vol. 5, Iss. 2.
  2. Angelou G., Economides A., Broadband investments as growth options under competition threat, FITCE 45th Congress, Athens 2006.
  3. Angelou G., Economides A., A real options approach for prioritizing ICT business alternatives: a case study from broadband technology business field, "Journal of the Operational Research Society" 2008, Vol. 59, Iss. 10.
  4. Angelou G., Economides A., A decision analysis framework for prioritizing a portfolio of ICT investment projects, "IEEE Transactions on Engineering Management" 2008, Vol. 55, Iss. 3.
  5. Arrow K., Fisher A., Environmental preservation, uncertainty and irreversibility. "Quarterly Journal of Economics" 1974, Vol. 88, Iss. 2.
  6. Barasubramanian P., Kulatilaka N., Storck J., Managing information technology investments using a real-options approach, "Journal of Strategic Information Systems" 2000, Iss. 9.
  7. Bardhan I., Bagchi S., Sougstad R., Prioritizing a portfolio of information technologies investment projects 2004, Vol. 21, Iss. 2.
  8. Benaroch M., Kauffman R., A case for using real option pricing analysis to evaluate information technology project investments, "Information Systems Research" 1999, Vol. 10, Iss. 1.
  9. Benaroch M., Managing information technology investment risk, "Journal of Management Information Systems" 2002, Vol. 19, Iss. 2.
  10. Benaroch M., Lichtenstein Y., Robinson K., Real options in information technology risk management: An empirical validation of risk-option relationships, "MIS Quarterly" 2006, Vol. 30, Iss. 4.
  11. Benaroch M., Jeffery M., Kauffman R., Shah S., Option-based risk management: A field study of sequential information technology investment decisions, "Journal of Management Information Systems" 2007, Vol. 24, Iss. 2.
  12. Clemons E., Evaluating strategic investments in information systems, "Communications of the ACM" 1991, Vol. 34, Iss. 1.
  13. Dos Santos B., Justifying Investments in New Information Technologies, "Journal of Management Information Systems" 1991, Vol. 7, No. 4.
  14. Elnegaard N., How to incorporate the value of flexibility in broadband access network rollout investment projects, 41st European Telecommunications Congress (FITCE), Genoa 2002.
  15. Fichman R., Kemerer C., The assimilation of software process innovations: An organizational learning perspectine, "Management Science" 1997, Vol. 43, Iss. 10.
  16. Fichman R., Moses S., An incremental process for software implementation, "Sloan Management Review" 1999, Vol. 40, Iss. 2.
  17. Fichman R., Real options and IT platform adoption: implications for theory and practice, "Information Systems Research" 2004, Vol. 15, No. 2.
  18. Grenadier S., Game Choices: The Interaction of Real Options and Game Theory. Risk Books, London 2001.
  19. Kauffman R., Konsynski J., Kriebel C., Evaluating reaesrch approaches to IT business value assessment with the senior management in mind, w: Strategic Information Technology Management: Perspectives on Organizational Growth and Competitive Advantage, eds. D. Banker, R. Kauffman, M. Mahmood, Idea Group Publishing, Middletown, PA, 1993.
  20. Kumar R., A note on project risk and option values of investments in information technologies, "Journal of Management Information Systems" 1996, Vol. 13, Iss. 1.
  21. Kuo-Jung L., Shyu D., The valuation of information technology investments by real options analysis, "Review of Pacific Basin Financial Markets & Policies" 2009, Vol. 12 Iss. 4.
  22. Lee Y., Lee S., The valuation of RFID investment using a fuzzy real option, "Expert Systems with Applications" 2011, Vol. 38, Iss. 10.
  23. Mkhize M., Moja N., The application of real option valuation techniques in the cellular telecommunication industry in South Africa, "South African Journal of Business Management" 2009, Vol. 40, Iss. 3.
  24. Myers S., Determinants of corporate borrowing, "Journal of Financial Economics" 1977, Vol. 5, No. 2.
  25. Özogu C., Karsak E., Tolga E., A real option approach for evaluation and justification of a hospital information system, "Journal of Systems & Software" 2009, Vol. 82, Iss. 12.
  26. Pak D., Keppo J., A real option approach to telecommunications network optimization, 8th Annual Conference "Real Options. Theory Meets Practice", Montreal 2004, http://www.realoptions.org/abstracts_2004.html
  27. Pendharkar P., Valuing interdependent multi-stage IT investments: A  real options approach, "European Journal of Operational Research" 2010, Vol. 201, Iss. 3.
  28. Ramirez W., Hermantzis F., Tanguturi V., Deployment of Wi-Fi networks in enterprise market: An application in wireless data services, 10th Annual Conference "Real Options. Theory Meets Practice" New York 2006, http://www.realoptions.org/abstracts_2006.html
  29. Rudny W., Opcje rzeczowe w procesie tworzenia wartości przedsiębiorstwa, Wydawnictwo AE w Katowicach, Katowice 2009.
  30. Taudes A., Software growth options, "Journal of Management Information systems" 1998, Vol. 15, Iss. 1.
  31. Taudes A., Feurstein M., Mild A., Options Analysis of Software Platform decisions: A Case Study, "MIS Quarterly" 2000, Vol. 24, No. 2.
  32. Wu L., Ong C., Management of information technology investment: A  framework based on real options and Mean-Variance theory perspective, "Technovation" 2008, Vol. 28, Iss. 3.
Cited by
Show
ISSN
1640-6818
1896-382X
Language
pol
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu