000			01792naa a2200205uu 4500
001			0032410431237
003			OSt
005			20190211170630.0
008			100324s2009 xx ||||gr |0|| 0 eng d
100	1		_aCHEN, Tao _939157
245	1	0	_aAn integrated real options evaluating model for information technology projects under multiple risks
260			_aExeter, UK : _bElsevier, _cNovember 2009
520	3		_aInformation technology (IT) investments are exposed to multiple sources of risks. Past information systems research on real options evaluation could not deal with a mix of public and private risks sufficiently in the valuation procedures. Moreover, the relationship between IT investment value and risk factors has rarely been fully explored and remains debatable. In this light, we present an approach based on real options to evaluate IT investments subject to multiple risks. By modeling public risks and private risks in different ways, this approach produces some new results that are different from prior researches. It is found that public risk has an upward effect on the expected payoffs, while private risk influences the options value in a contrary way. The suggested method could help IT managers produce a well-structured valuation process in IT investment decision-making, and understand the interactions between IT risks and options value in a clear way. We also illustrate how the proposed procedure is applied to an ERP project in a construction company.
700	1		_aZHANG, Jinlong _939158
700	1		_aLAI, Kin-Keung _939159
773	0	8	_tInternational Journal of Project Management _g27, 8, p. 776-786 _dExeter, UK : Elsevier, November 2009 _xISSN 02637863 _w
942			_cS
998			_a20100324 _b1043^b _cDaiane
998			_a20100326 _b1045^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c32082 _d32082
041			_aeng