An Economic Perspective on the Flexibility of IT-Systems AN ECONOMIC PERSPECTIVE ON THE FLEXIBILITY OF IT-SYSTEMS
نویسندگان
چکیده
Traditional capital budgeting models cannot appropriately capture the value of IT-systems. Real Option Pricing Theory provides a useful economic perspective on the valuation of IT-systems, although no comprehensive review of the state of the art of real option pricing models for IT-investments has been published to date. This paper provides an overview of the applicability of real option theory to IT-infrastructures investments. The suitability and the impact of real option pricing theory are analyzed and evaluated.
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