The partial adjustment valuation approach with dynamic and variable speeds of adjustment to evaluating and measuring the business value of information technology

Methodology development of information technology value engineering using systems engineering approach

“…FP takes S 1t , FCC takes S 2t , FC takes S 3t , and ITR takes S 4t . Additionally, the speed of adjustment may be static or dynamic behavior [13]. Likewise, the output may contain four sub outputs, i.e.…”

“…y * 1t , y * 2t , y * 3t , and y * 4t or y * t = y * 1t + y * 2t + y * 3t + y * 4t . Likewise, each subsystem has each speed of adjustment (S it , i = 1,2,3,4 and t = period) [13], i.e. FP takes S 1t , FCC takes S 2t , FC takes S 3t , and ITR takes S 4t .…”

“…In other words, to obtain worthy performance achievement, the organization must exploit IT not only as a working tool but also as a means to empower businesses with creative ways to restore the IT productivity paradox [13] syndrome.…”

“…Also, this study is related to a number of studies discussing the relationship between IT resources to business performances, such as [5], [10], [15], and so forth. Similarly, this study applies the partial adjustment valuation approach in building the logical and mathematical relationships among system components [13].…”

Business process analytics: a dedicated methodology through a case study

“…Due to the complexity of this process, special IT systems are often employed, which can significantly add to the business value (Lin and Kao 2014). A common practice reference model that introduces standard best practices for IT service management is the Information Technology Infrastructure Library (ITIL) (Hochstein et al 2005).…”