Title

A multi-objective, multi-criteria approach for evaluating IT investments: Results from two case studies.

SelectedWorks Author Profiles:

Grover S. Kearns

Document Type

Article

Publication Date

2004

Date Issued

January 2004

Date Available

July 2014

ISSN

1040-1628

Abstract

While information technology investments have the potential for providing competitive advantage, actual returns on such investments have varied widely and a majority of CEOs rank IT investments as disappointing. Numerous methods exist for investment evaluation, but traditional methods do not adequately account for the intangible benefits that characterize strategic investments and lack other features of portfolio selection. This paper describes a model based upon the analytic hierarchy process, combined with integer programming, to overcome the deficiencies associated with traditional approaches to economic evaluation of IT investments. It also presents results of two case studies in which the mode] was used successfully and important contextual factors were observed. The multi-objective, multi-criteria approach was found to reflect both tangible and intangible benefits, link the investment to business strategies, increase management participation in the evaluation process, and provide important features of portfolio selection.

Comments

Abstract only. Full-text article is available only through licensed access provided by the publisher. Published in Information Resources Management Journal, 17(1), 37-62. DOI: 10.4018/irmj.2004010103 Members of the USF System may access the full-text of the article through the authenticated link provided.

Language

en_US

Publisher

IGI Global

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.