Justifying investments in new information technologies
Journal of Management Information Systems
Capital budgeting in information systems development
Information and Management
Valuing risky projects: option pricing theory and decision analysis
Management Science
Aspects of software adaptability
Communications of the ACM
Managing risks in IT projects: an options perspective
Information and Management
Evaluating Componentized Enterprise Information Technologies: A Multiattribute Modeling Approach
Information Systems Frontiers
Rental software valuation in IT investment decisions
Decision Support Systems
Integrating option model and knowledge management performance measures: an empirical study
Journal of Information Science
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Journal of Information Science
An empirical analysis of software life spans to determine the planning horizon for new software
Information Technology and Management
A Framework for Assessing the Business Value of Information Technology Infrastructures
Journal of Management Information Systems
Prioritizing a Portfolio of Information Technology Investment Projects
Journal of Management Information Systems
Analyzing Complementarities Using Software Stacks for Software Industry Acquisitions
Journal of Management Information Systems
Managing Information Technology Investment Risk: A Real Options Perspective
Journal of Management Information Systems
Active ERP implementation management: A Real Options perspective
Journal of Systems and Software
Investments in Information Security: A Real Options Perspective with Bayesian Postaudit
Journal of Management Information Systems
The Role of ERP Implementation in Enabling Digital Options: A Theoretical and Empirical Analysis
International Journal of Electronic Commerce
A real options approach for evaluation and justification of a hospital information system
Journal of Systems and Software
Special Section: Competitive Strategy, Economics, and Information Systems
Journal of Management Information Systems
Effects of Organizational Learning and Knowledge Transfer on Investment Decisions Under Uncertainty
Journal of Management Information Systems
Applications of real option analysis to vendor selection process in IT outsourcing
International Journal of Information Systems and Change Management
A highly flexible and light mobile service oriented architecture
Proceedings of the 9th International Conference on Advances in Mobile Computing and Multimedia
Measurement practices for knowledge management: an option perspective
CAiSE'05 Proceedings of the 17th international conference on Advanced Information Systems Engineering
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Today's business environment is characterized by global competition and buyers' markets. Under such conditions, flexible response to changes in the environment is a key success factor for any firm. Consequently, there is increasing pressure for information systems to be readily adaptable to changing business processes. This paper investigates ways of introducing this aspect of IS extendability into quantitative IT investment decision models via the application of real options models. In particular, it examines methods for evaluating sequential exchange options in order to obtain estimates for the value of software growth options--that is, IS functions that are embedded in an IT platform and that can be employed once the particular base system is installed and their use is economically justified. On the basis of these models, we look at the determinants of the value of software growth options and draw general conclusions with regard to decision making in the field of IT investment.