Economic Models - Convex Optimization
Economic Models - Convex Optimization
Economic Models - Convex Optimization
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Enterprise Modeling and Integration 131<br />
Of course, these requirements can be analyzed further and in detail, but<br />
such a discussion would be beyond the scope of this paper. Still, we also<br />
find that these requirements are suffice to set out an agenda for further work<br />
in the domain of EI and EI modeling.<br />
6. Discussion<br />
At the current state of technology, we find that EM and integration are<br />
becoming familiar within the large enterprises that seem to understand the<br />
need of acquiring their concept. However, in accordance with Williams<br />
(1994) we also find that the reason for the moderate success and rather not<br />
so extended use of EM and integration initiatives include:<br />
(a) Cost: It is commonly accepted that such efforts are very expensive and<br />
it is rather difficult to argue on the benefits of the outcome from the<br />
beginning of each project.<br />
(b) Project size and duration: Indeed, such projects cannot be completed<br />
but they require time. Quite a large number of people will be involved<br />
and high levels of commitment on behalf of the enterprise are required.<br />
(c) Complexity: EI is a never-ending process and parameters such as the<br />
legacy systems within large enterprises resisting integration have to<br />
be seriously considered. There is the need for a global vision with a<br />
modular implementation approach.<br />
(d) Management support: Management facing high cost may resent to support<br />
such projects. It is very important that management be part of the<br />
project and be fully committed to it.<br />
(e) Skilled people: The human factor concerning high-skilled employees<br />
involved in the projects is vital for success. Unfortunately, due to limited<br />
training schemes experienced users are scarce.<br />
Nevertheless, the enthusiasm of the research community and the industry<br />
remains intact trying to overcome problems and difficulties by creating<br />
tools and adopting methodology that will make a difference. Nowadays,<br />
EM and integration mostly rely upon advanced computer networks, the<br />
worldwide web and Internet, integration platforms as well as ERPs, and<br />
data exchange formats (Chen and Vernadat, 2002; Martin et al., 2004).<br />
A big issue is that both EM and EI are nearly totally ignored by SME’s<br />
and there is still a long way to go before SME’s will master these techniques<br />
on their own and in this case, they have to quickly catch on the technology<br />
and define which tools they have to use.