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Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Optimal Information Technology Purchase Decision: A Factor Rating Approach

Optimal Information Technology Purchase Decision: A Factor Rating Approach
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Author(s): P. Pete Chong (University of Houston-Downtown, USA), M. Chang (University of Houston-Downtown, USA), Jason C.H. Chen (Gonzaga University, USA)and Kathy Chen (TASKCo. Inc., Taiwan ROC)
Copyright: 2002
Pages: 3
Source title: Issues & Trends of Information Technology Management in Contemporary Organizations
Source Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-930708-39-6.ch036
ISBN13: 9781930708396
EISBN13: 9781466641358

Abstract

With the amount of resources dedicated to information technology (IT) expenditure today, we need to have a systematic way to assess the elusive benefit of all IT purchases. This paper proposes a modified Factor Rating approach that separates the subjective benefit assessment from objective cost-benefit analysis. Due to the advancement of computer technology, using this method, we often discover that for most users, the cheapest computer may be the optimal computer in the market today.

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