Evaluation of strategic investments in information technology
Communications of the ACM
Justifying investments in new information technologies
Journal of Management Information Systems
An option valuation analysis of investment choices by a regulated firm
Management Science
Information rules: a strategic guide to the network economy
Information rules: a strategic guide to the network economy
Management Science
Principles of Corporate Finance with Cdrom
Principles of Corporate Finance with Cdrom
A Case for Using Real Options Pricing Analysis to Evaluate Information Technology Project Investment
Information Systems Research
A firm-level framework for planning electronic commerce information systems infrastructure
International Journal of Electronic Commerce
A note on project risk and option values of investments in information technologies
Journal of Management Information Systems
Optimal purchase decision criteria for information technology
Managing IT in government business & communities
Financial evaluation of information systems investments
Technologies & methodologies for evaluating information technology in business
Advanced topics in information resources management
Informational cascades in IT adoption
Communications of the ACM - Human-computer etiquette
Communicating the value of uncertain information technology investments using an options approach
International Journal of Business Information Systems
Information systems evaluation: an ongoing measure
International Journal of Business Information Systems
The valuation of RFID investment using fuzzy real option
Expert Systems with Applications: An International Journal
E-Learning Investment Risk Management
Information Resources Management Journal
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In this paper, we discuss the real options theory and its applications in IT investment evaluation. We provide a framework within which the appropriateness of using real options theory in strategic IT investment evaluation is systematically justified. In our framework, IT investment opportunities are classified into four categories based on two criteria: the technology switching costs and the nature of competition. We point out that different real options models should be adopted for each category. The electronic brokerage's investment decision in wireless technology is discussed as a real world case within the framework. Our study also provides some insights about the relationship between technology standardization and IT investment decisions.