DETERMINING REQUIREMENTS AND SPECIFICATIONS OF ENTERPRISE INFORMATION SYSTEMS FOR PROFITABILITY

K. Donald Tham, Mark S. Fox

2004

Abstract

A company’s profits may be defined as the positive difference between its income revenues and operational costs. Today, most companies use traditional costing methods and/or traditional Activity-Based Costing (ABC) to determine their operational costs with a view to direct operational and business process changes so that profits are realized. A tripartite approach is presented towards determining requirements and specifications of enterprise information systems for profitability (EISP). In the first part, an understanding of the nuances of traditional costing and ABC as is currently practiced in enterprises is presented to point the shortcomings of these current costing practices. The second part provides a case study that vividly demonstrates the problems in the current costing methods and clearly points their inadequacies towards profitability. The third part presents a framework for the specifications of enterprise information systems for profitability through ontology-based enterprise modeling, EABEM and Temporal-ABC for the attainment of improved knowledge about costs.

Paper Citation

in Harvard Style

Donald Tham K. and S. Fox M. (2004). DETERMINING REQUIREMENTS AND SPECIFICATIONS OF ENTERPRISE INFORMATION SYSTEMS FOR PROFITABILITY . In Proceedings of the Sixth International Conference on Enterprise Information Systems - Volume 3: ICEIS, ISBN 972-8865-00-7, pages 309-316. DOI: 10.5220/0002652803090316

in Bibtex Style

@conference{iceis04,
author={K. Donald Tham and Mark S. Fox},
title={DETERMINING REQUIREMENTS AND SPECIFICATIONS OF ENTERPRISE INFORMATION SYSTEMS FOR PROFITABILITY},
booktitle={Proceedings of the Sixth International Conference on Enterprise Information Systems - Volume 3: ICEIS,},
year={2004},
pages={309-316},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0002652803090316},
isbn={972-8865-00-7},
}

in EndNote Style

TY - CONF
JO - Proceedings of the Sixth International Conference on Enterprise Information Systems - Volume 3: ICEIS,
TI - DETERMINING REQUIREMENTS AND SPECIFICATIONS OF ENTERPRISE INFORMATION SYSTEMS FOR PROFITABILITY
SN - 972-8865-00-7
AU - Donald Tham K.
AU - S. Fox M.
PY - 2004
SP - 309
EP - 316
DO - 10.5220/0002652803090316