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The value of RFID : benefits vs. costs

Author: Alp Ustundag
Publisher: London ; New York : Springer, ©2013.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
RFID technology presents a great potential for creating competitive advantage. By automating and simplifying data collection, it lets users more accurately track assets and monitor key indicators, which in turn gives greater visibility to the operations. However, the benefits received from this technology will be determined by how well it is integrated with the business processes and overall information flow.  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Alp Ustundag
ISBN: 9781447143444 1447143442
OCLC Number: 796763484
Notes: Includes index.
Description: 174 pages : illustrations ; 24 cm
Contents: pt. 1 Understanding the costs and benefits of RFID : The Business Value of RFID; The Cost-Benefit Models for RFID Investments; Risk Analysis for RFID Investments Under Uncertainty; Evaluating RFID Investmentsz: A Real Options Approach; Decision Making for Determining the Implementation Level of RFID Projects: RFID in Supply Chain : The Tagging Cost Sharing Approach --
pt. 2 Justifying RFID Investments in Different Application Areas: RFID Adoption in Healthcare and ROI Analysis: Economic Evaluation of RFID Investments in Cargo Operations; Value of RFID Technology in Construction Supply Chains: Economic Potential of RFID Use in Apparel Retail Industry; Value of RFID Enhanced Maintenance in Aerospace Industry; Value of RFID in Library Management System.
Responsibility: Alp Ustundag, editor.
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Abstract:

This book describes the business value of RFID, offering a thorough explanation of its costs and benefits. Geared to business, rather than technological leaders, the book proposes different  Read more...

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   schema:description "RFID technology presents a great potential for creating competitive advantage. By automating and simplifying data collection, it lets users more accurately track assets and monitor key indicators, which in turn gives greater visibility to the operations. However, the benefits received from this technology will be determined by how well it is integrated with the business processes and overall information flow. Because of the fact that the decision to deploy RFID technology in an enterprise is a business decision instead of a technology decision, cost-benefit analysis is a key component of this decision. If an RFID deployment cannot be justified in terms of its economic value to the company, it is not likely to help the company; and consequently, it is not likely to remain a viable deployment over the long term. The Value of RFID describes the business value of RFID and explains the costs and benefits of this technology comprehensively. Different investment evaluation models are proposed to use in various application areas. Techniques to guide the selection of appropriate implementation levels and to handle uncertainty and risk in RFID are explained. Written for researchers, undergraduate and graduate students, and lecturers working in the field of RFID and supply chain management, Â readers will learn evaluation practices for RFID investment for different application areas. The book also guides managers in making to accurate decisions on RFID investment to maximize the return."@en ;
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