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: PDFPersonal VDE Members are entitled to a 10% discount on this title
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.