From the individual to the largest organization, everyone today has to make investments in IT. Making a smart investment that will best satisfy al the necessary decision-making a smart investment that will best satisfy all the necessary decision-making criteria requires careful and inclusive analysis. This textbook provides an up-to-date, in-depth understanding of the methodologies available to aid in this complex process of multi-criteria decision-making. It guides readers on the process of multi-criteria decision-making. It guides readers on the process of technology acquisition---what methods to use to make IT investment decisions, how to choose the technology and justify its selection, and how the decision will impact the organization. Unique to this textbook are both financial investment models and more complex decision-making models from the field of management science so that readers can extend the analysis benefits to enhance and confirm their IT investment choices. The wide range of methodologies featured in the book gives readers the opportunity to customize their best-fit solutions for their unique IT decision sitution. This textbook is especially ideal for educators and students involved in programs dealing with technology management, operations management, applied finance, operations research, and industrial engineering.Identify benefits of new prototype 8. Value benefits of new prototype 9. Compare value of benefits with cost of new prototype 10. Redesign and build new prototype 11. Test new prototype and measure its use and costs 12. Repeat steps 6anbsp;...
|Title||:||Information Technology Investment|
|Author||:||Marc J. Schniederjans, Jamie L. Hamaker, Ashlyn M. Schniederjans|
|Publisher||:||World Scientific - 2010|