Research Article Open Access

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

Vijayakumar Bharathi1, Dhanya Pramod1 and Ramakrishnan Raman1
  • 1 Symbiosis International University, India

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.

Journal of Computer Science
Volume 9 No. 1, 2013, 139-146

DOI: https://doi.org/10.3844/jcssp.2013.139.146

Submitted On: 11 March 2013 Published On: 18 March 2013

How to Cite: Bharathi, V., Pramod, D. & Raman, R. (2013). A Fuzzy Petri-Net Based Conceptual Model for Risk Prediction in Enterprise Resource Planning Acquisition Decisions for Small and Medium Enterprises. Journal of Computer Science, 9(1), 139-146. https://doi.org/10.3844/jcssp.2013.139.146

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Keywords

  • ERP Adoption
  • SMEs
  • Failure Prediction
  • Risk
  • Fuzzy Petri-Nets
  • Acquisition