A Fuzzy Petri-Net Based Conceptual Model for Risk Prediction in Enterprise Resource Planning (ERP) Acquisition Decisions for Small and Medium Enterprises

Journal of Computer Science, 9 (1): 139-146, 2013. ISSN 1549-3636 - © 2013 Science Publications - doi:10.3844/jcssp.2013.139.146

8 Pages Posted: 6 Jul 2013

See all articles by Vijayakumar Bharathi

Vijayakumar Bharathi

Symbiosis International University - Symbiosis Centre for Information Technology (SCIT)

Dhanya Pramod

Symbiosis International University - Symbiosis Centre for Information Technology

Ramakrishnan Raman

SIBM, Pune - SIU

Date Written: March 18, 2013

Abstract

This study identifies and evaluates certain critical pitfalls in the acquisition phase of ERP adoption in Small and Medium Enterprises (SMEs) and develops a model for evaluating the risk of failure. On the acquisition stage a set of risks has been identified based on past research work and each of these risks have been explained through a set of well-defined risk factors or pitfalls. An evaluation model based on the concept of Fuzzy Petri Nets (FPN) is proposed in this study. FPN is used because it is simple and efficient and can quantitatively evaluate the risks inherent in the acquisition stage of ERP adoption by SMEs.

Keywords: ERP Adoption, SMEs, Failure Prediction, Risk, Fuzzy Petri-Nets, Acquisition

JEL Classification: D83, L21, L60, M1, M19, O30, O33

Suggested Citation

Bharathi, Vijayakumar and Pramod, Dhanya and Raman, Ramakrishnan, A Fuzzy Petri-Net Based Conceptual Model for Risk Prediction in Enterprise Resource Planning (ERP) Acquisition Decisions for Small and Medium Enterprises (March 18, 2013). Journal of Computer Science, 9 (1): 139-146, 2013. ISSN 1549-3636 - © 2013 Science Publications - doi:10.3844/jcssp.2013.139.146, Available at SSRN: https://ssrn.com/abstract=2270851

Vijayakumar Bharathi (Contact Author)

Symbiosis International University - Symbiosis Centre for Information Technology (SCIT) ( email )

Plot 15, Rajiv Gandhi InfoTech Park
Pune, MA Maharashtra 411057
India

HOME PAGE: http://www.scit.edu

Dhanya Pramod

Symbiosis International University - Symbiosis Centre for Information Technology ( email )

Hinjewadi
Pune, MA 411027
India

Ramakrishnan Raman

SIBM, Pune - SIU ( email )

Symbiosis Knowledge Village
Lavale
Pune, Maharashtra 411042
India

HOME PAGE: http://www.sibmpune.edu.in

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
109
Abstract Views
657
rank
270,626
PlumX Metrics