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The Value of RFID

Benefits vs. Costs

  • Alp Ustundag

Table of contents

  1. Front Matter
    Pages i-viii
  2. Understanding the Costs and Benefits of RFID

    1. Front Matter
      Pages 1-1
    2. Alp Ustundag
      Pages 3-12
    3. Serdar Baysan, Alp Ustundag
      Pages 13-22
    4. Emre Cevikcan, Alp Ustundag
      Pages 23-34
    5. Alp Ustundag, Seda Ugurlu
      Pages 35-51
    6. Alp Ustundag, Mehmet Serdar Kilinc
      Pages 69-77
  3. Justifying RFID Investments in Different Application Areas

    1. Front Matter
      Pages 79-79
    2. Nebil Buyurgan, Sylvain Landry, Richard Philippe
      Pages 81-96
    3. Alp Ustundag, Ozgur Kabadurmus, Mehmet Serdar Kilinc
      Pages 97-110
    4. Gursans Guven, Gokhan Demiralp, Esin Ergen
      Pages 111-127
    5. Alp Ustundag, Aylin Ustundag, Mert Bal
      Pages 129-139
    6. Sule Itir Satoglu, Alp Ustundag
      Pages 141-153
    7. Sule Itir Satoglu, Alp Ustundag, Mehmet Serdar Kilinc
      Pages 155-167
  4. Back Matter
    Pages 169-174

About this book

Introduction

RFID technology presents a great potential for creating competitive advantage. By automating and simplifying data collection, it lets users more accurately track assets and monitor key indicators, which in turn gives greater visibility to the operations. However, the benefits received from this technology will be determined by how well it is integrated with the business processes and overall information flow. Because of the fact that the decision to deploy RFID technology in an enterprise is a business decision instead of a technology decision, cost-benefit analysis is a key component of this decision. If an RFID deployment cannot be justified in terms of its economic value to the company, it is not likely to help the company; and consequently, it is not likely to remain a viable deployment over the long term.

 

The Value of RFID describes the business value of RFID and explains the costs and benefits of this technology comprehensively. Different investment evaluation models are proposed to use in various application areas. Techniques to guide the selection of appropriate implementation levels and to handle uncertainty and risk in RFID are explained.

 

Written for researchers, undergraduate and graduate students, and lecturers working in the field of RFID and supply chain management, evaluation practices for RFID investment for different application areas are discussed in detail. The book also guides managers in making accurate decisions on RFID investment in order to maximize the return.

Keywords

Cost Benefit Analysis Decision Making Investment Evaluation RFID Technology

Editors and affiliations

  • Alp Ustundag
    • 1
  1. 1., Industrial Engineering DepartmentIstanbul Technical UniversityMacka/IstanbulTurkey

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4471-4345-1
  • Copyright Information Springer-Verlag London 2013
  • Publisher Name Springer, London
  • eBook Packages Engineering
  • Print ISBN 978-1-4471-4344-4
  • Online ISBN 978-1-4471-4345-1
  • Buy this book on publisher's site