The majority of previous studies on investment evaluation of RFID technology ignore the flexibility and the Real Options that this kind of investment can lead to. However, studies on the evaluation of other Information Systems have acknowledged the importance of these options as they create future business opportunities or give to managers the opportunity to take actions that could favorably in...

We examine whether firms‘ investments in ERPS, including the initial adoption decision and subsequent system enhancements are consistent with economic determinants and a real options perspective. We model ERPS adoption and subsequent enhancements (in the form of upgrades or add-ons) as two separate but related decisions on the exercise of real options in a continuous implementation process. We ...