The Cost–Benefit Models for RFID Investments

Baysan, Serdar; Üstündağ, Alp

doi:10.1007/978-1-4471-4345-1_2

Cited by 8 publications

(7 citation statements)

References 29 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Measuring effects is a relatively more challenging task. However, there is available literature related to RFID system effects measurements and estimation, based on case studies [44], simulation modeling [45], cost-benefit models [46]. Having investments and effects measured, one may easily calculate some indifferent investment measures (e.g., payback period) and preferential investment measures (e.g., IRR, NPV, ROI).…”

Section: Other Modulesmentioning

confidence: 99%

A Method for an Integrated Sustainability Assessment of RFID Technology

et al. 2020

View full text Add to dashboard Cite

Industry 4.0 (I4.0) has become a widely accepted manufacturing paradigm across a wide range of industries. It includes an array of various approaches, tools, techniques, and methods. They were known to researchers before, but when combined they build a new reality, which needs procedures for the assessment of technologies and manufacturing processes. Current assessment methods often fail to incorporate economic, environmental, and social impacts simultaneously in an integrated way. The potential implementation of a sustainability assessment procedure on a larger scale is seen for (well-developed) Radio Frequency Identification (RFID) technology. The measures for assessment were identified through a literature review and validated by expert panels. Validation measures were quantified using multi-criteria decision making (AHP). Criteria ranking was used for reasoning if the assumed modular structure responded to the experts’ needs. To connect the existing research gap, a holistic and integrated assessment method for I4.0 applications, depicted in a structured way and tailored for RFID technology, is developed, which constitutes a research gap in current literature on this topic. Results showed that a modularized structure of approach (module—group of measures—measures [as indicators]) for RFID sustainability assessment, which depends on the complexity of this technology, may be a convenient method for assessment of I4.0 technologies. It was confirmed that all sustainability perspectives are important due to their contributions to supporting decisions and should be considered in the assessment of RFID. On the other hand, it can help managers and practitioners implement the assessment method in their practice to reduce pollution and save the environment.

show abstract

Section: Other Modulesmentioning

confidence: 99%

A Method for an Integrated Sustainability Assessment of RFID Technology

et al. 2020

View full text Add to dashboard Cite

show abstract

“…The implementation cost for RFID depends on hardware, middleware, and services. 17 Since most SMEs are not asset-based businesses, their logistics premises, such as warehouses, are rented so that the property owners will increase the rental fee if SMEs install fixed system hardware in their facilities. In addition, such monitoring applications will create a large volume of data in the corporate information technology system, which is difficult to manage and may incur the cost of purchasing and licensing the local database.…”

Section: Cold Chain Managementmentioning

confidence: 99%

An IoT-based cargo monitoring system for enhancing operational effectiveness under a cold chain environment

Tsang

Choy

et al. 2017

International Journal of Engineering Business Management

View full text Add to dashboard Cite

Differing from managing a general supply chain, handling environmentally sensitive products (ESPs) requires the use of specific refrigeration systems to control the designated range of storage conditions, such as temperature, humidity, and lighting level in a cold chain environment. In general, third-party logistics (3PL) companies are authorized to handle ESPs, who therefore need to have a good cargo monitoring system in the cold chain environment, without which the functional quality is difficult to control and manage. This may result in product deterioration and even inventory obsolescence of the ESPs due to the lack of such systems, so there is a need to develop an effective cargo monitoring system to prevent such situations. This article proposes an Internet of Things-based cargo monitoring system (IoT-CMS) to monitor any environmental changes of ESPs in order to ensure their functional quality throughout the entire cold chain operational environment. Operational efficiency, maintenance strategy, environmental change, and electricity consumption are considered in real-life cold chain operations. Through applying (i) a wireless sensor network to collect real-time product information, together with (ii) fuzzy logic and case-based reasoning techniques to suggest appropriate storage conditions for various ESPs, effective storage guidance can be established. Through conducting the case study in a 3PL company in Hong Kong, the performance in customer satisfaction, obsolescence rate, and inventory visibility after adoption of IoT-CMS is evaluated. It is found that the functional quality of ESPs can be effectively assured, and the overall customer satisfaction is increased.

show abstract

“…The business benefits of using RFID are well known [32][33][34][35], however it maybe difficult for companies to quantify the benefits and costs associated with adopting RFID. Several researchers have examined the different variables associated with RFID technology adoption [28,29,36].…”

Section: ) Rfid Adoption In the Automotive Industrymentioning

confidence: 99%

“…Although, the price of tags is the major obstacle toward widespread implementation [32], economies of scale may bring the volume cost down, which may encourage adoption (refer to Table I for unit costs for some commercial RFID tags).…”

Section: ) Hardware Costsmentioning

confidence: 99%

See 1 more Smart Citation

Towards industrial internet of things: Crankshaft monitoring, traceability and tracking using RFID

Segura-Velandia

Kaur

Whittow

et al. 2016

Robotics and Computer-Integrated Manufacturing

121

View full text Add to dashboard Cite

Abstract-The large number of requirements and opportunities for automatic identification in manufacturing domains such as automotive and electronics has accelerated the demand for item-level tracking using radio-frequency identification technology. End-users are interested in implementing automatic identification systems, which are capable of ensuring full component process history, traceability and tracking preventing costly downtime to rectify processing defects and product recalls. The research outlined in this paper investigates the feasibility of implementing an RFID system for the manufacturing and assembly of crankshafts. The proposed solution involves the attachment of bolts with embedded RFID functionality by fitting a reader antenna reader to an overhead gantry that spans the production line and reads and writes production data to the tags. The manufacturing, assembly and service data captured through RFID tags and stored on a local server, could further be integrated with higher-level business applications facilitating seamless integration within the factory.

show abstract

The Cost–Benefit Models for RFID Investments

Cited by 8 publications

References 29 publications

A Method for an Integrated Sustainability Assessment of RFID Technology

A Method for an Integrated Sustainability Assessment of RFID Technology

An IoT-based cargo monitoring system for enhancing operational effectiveness under a cold chain environment

Towards industrial internet of things: Crankshaft monitoring, traceability and tracking using RFID

Contact Info

Product

Resources

About