In this paper we contribute to the research on the valuation of business process flexibility. Thisflexibility provides the ability for companies to select the most appropriate execution path for eachprocess instance at runtime from alternative execution paths. Therefore, we introduce a model...

Viele Investitionen in IT-Projekte – insbesondere IT-Infrastrukturinvestitionen – lassen sich inUnternehmen nur dadurch ökonomisch rechtfertigen, dass sie notwendige Voraussetzung fürdie Durchführung ertragsversprechender Folgeprojekte sind. Solche intertemporalen Abhängigkeitenzwischen...

Real Options Theory is often applied to the valuation of IT investments. The application of Real Options Theory is generally accompanied by a monetary valuation of real options through option pricing models which in turn are based on restrictive assumptions and thus subject to criticism....