Assessing the business value of RFID under uncertain conditions

Conference: RFID SysTech 2008 - 4th European Workshop on RFID Systems and Technologies
06/10/2008 - 06/11/2008 at Freiburg, Germany

Proceedings: RFID SysTech 2008

Pages: 6Language: englishTyp: PDF

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Scholz-Reiter, Bernd; Lewandowski, Marco; Gorldt, Christian; Dittmer, Patrick (BIBA - Bremen Institute for Production and Logistics, Bremen, Germany)

Radio Frequency Identification (RFID) and other wireless technologies are currently transitioning from proto-type application towards real productive systems. Possible investments into these new technologies must meet economic criteria and generate a certain business value. Anyhow, estimating all cost factors and saving opportun-ities is difficult due to uncertainty in input data. This paper presents a review of current approaches to determine the business value of RFID systems. Moreover, it points out the most important factors that influence the busi-ness value and proposes additional concepts to handle uncertainty in the calculation of the business value of an RFID system.