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Recently, the advantages of RFID make it the focus of supply chain research areas, so it is critical to do cost-benefit analysis on RFID investment. By assuming a simple scenario of RFID application on pharmaceutical supply chain and comparing the processes before and after RFID application, this paper analyzes RFID cost and benefit quantitatively, and offers the corresponding formula, finally proposes...
Process mining has been widely applied in lots of fields, which can discover workflow models from event logs, helps to design or re-design process models, and brings convenience to workflow management system. The main function of process mining algorithms is to provide us with valuable objective information hidden in event logs, which plays a crucial important role on the implementation of new operation...
One major roadblock for RFID adoption is to justify its return on investment. Most researchers used cost/benefit analysis, discount cash flow, or net present value method to support the decision; however, these methods does not consider uncertainties and lack flexibility when valuate the investment in RFID. In this paper, we examine the uncertainties and risks associated with RFID investment and propose...
Recently, RFID technology is becoming the focus of the research. It can be applied into several industries including pharmaceutical. Most of RFID researchers throw their power on the benefits and investment evaluation, but none of a more comprehensive framework for RFID application exists as a reference for application in pharmaceutical Industry. In this paper, we examine open literature and industry...
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