JournalTOCs

International Journal of Strategic Engineering Asset Management
Number of Followers: 3

Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1759-9733 - ISSN (Online) 1759-9741
Published by Inderscience Publishers

[451 journals]

Sustainability in strategic asset management frameworks: a systematic
literature review
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  Authors: Jyri Hanski, Ville Ojanen
  Pages: 263 - 294
  Abstract: Decisions on strategic asset management often consider long lifetimes. The long-term perspective, varying types of assets, and other industry trends, such as sustainability requirements, have implications for strategic asset management frameworks. The stakeholders related to the assets are demanding actions that increase sustainability, and forward-looking organisations are adopting sustainability principles in their business. This study gives guidelines for the development of more holistic strategic asset management frameworks. Using a systematic literature review, 37 frameworks are identified and analysed based on their application area, decision level, uncertainty management practices, and asset management indicators. As a result, a conceptual sustainable strategic asset management framework is created.
  Keywords: asset management; manufacturing; infrastructure; sustainability; literature review
  Citation: International Journal of Strategic Engineering Asset Management, Vol. 3, No. 4 (2020) pp. 263 - 294
  PubDate: 2020-11-26T23:20:50-05:00
  DOI: 10.1504/IJSEAM.2020.111420
  Issue No: Vol. 3, No. 4 (2020)
A framework for physical asset risk management in the Sri Lankan clothing
industry
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  Authors: Thatshayini Premanathan, Damitha Rajini, Tharindu Lakruwan Wickremanayake Karunaratne
  Pages: 295 - 311
  Abstract: Increasing demand for operational efficiency in clothing manufacturing organisations necessitates the management of risks associated with their physical assets. The aims to develop a framework for effective physical asset risk management (PARM) in Sri Lankan clothing industry. This was approached through a multiple case study research method carrying out five case studies. The required data were collected through semi-structured interviews and the data analysis was carried out using content analysis. The research findings revealed that PARM in Sri Lankan clothing industry has not received an adequate attention. Adopting standardised risk management (RM) procedures, convincing the top management about the importance of PARM and achieving top management support and making the stakeholders aware about PARM are the keys to achieve effective PARM in Sri Lankan clothing industry. The PARM framework will be a useful guide for the practitioners in the clothing industry to manage physical asset related risks effectively.
  Keywords: physical asset risk management; PARM; clothing industry; Sri Lanka
  Citation: International Journal of Strategic Engineering Asset Management, Vol. 3, No. 4 (2020) pp. 295 - 311
  PubDate: 2020-11-26T23:20:50-05:00
  DOI: 10.1504/IJSEAM.2020.111421
  Issue No: Vol. 3, No. 4 (2020)
Corporate asset management - an integrated model for investment
portfolio assessment
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  Authors: Minna RÃ¤ikkÃ¶nen, Helena Kortelainen, Susanna Kunttu, Kari Komonen
  Pages: 312 - 329
  Abstract: Assessing the value of investments can be considered a multidimensional problem and a continuous process wherein the decision-maker is confronted with multiple needs, requirements and values. Thus, all investments and investment portfolios should be evaluated, selected and prioritised not only in terms of money, but also with regard to dependability, sustainability and other aspects to be able to form the optimal investment portfolio. This paper proposes a life-cycle cost-oriented portfolio analysis model that will better serve investment decision-making in the capital-intensive industry. The conceptual model includes economic assessment, risk assessment, as well as strategic and technical analyses. From a long-term perspective, applying a more integrated approach to investment portfolio assessments generates several benefits, including advancing companies' and stakeholders' abilities to manage investments and to support the goal of sustainable business growth.
  Keywords: asset management; portfolio management; investment; investment portfolio; life-cycle costing; life-cycle cost; life-cycle profit; financial assessment; investment appraisal; decision-making
  Citation: International Journal of Strategic Engineering Asset Management, Vol. 3, No. 4 (2020) pp. 312 - 329
  PubDate: 2020-11-26T23:20:50-05:00
  DOI: 10.1504/IJSEAM.2020.111424
  Issue No: Vol. 3, No. 4 (2020)
Introducing user experience in manual data collection: the effect of
social influence, managerial support, and usefulness
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  Authors: Katrine MahlamÃ¤ki, Marko Nieminen
  Pages: 330 - 348
  Abstract: Previous research has found quality issues in the data that technicians collect about the assets that they maintain and repair. Factors affecting this manual collection of data include social influence, managerial support, and the usability of the computerised maintenance management systems (CMMS). The purpose of this work is to quantitatively investigate the results of previous qualitative studies regarding the role of social influence and the user experience of a CMMS in manual data collection. A survey is developed to quantitatively study manual data collection in a maintenance organisation. The results reveal that these factors influence data collection performance. This extends existing understanding of manual data collection and calls for future research that would overcome the limitations to this study caused by the limited number of respondents. The effects of social influence and usefulness have important implications for the interaction design of data collection tools.
  Keywords: manual data collection; computerised maintenance management system; CMMS; user experience; social influence; data quality
  Citation: International Journal of Strategic Engineering Asset Management, Vol. 3, No. 4 (2020) pp. 330 - 348
  PubDate: 2020-11-26T23:20:50-05:00
  DOI: 10.1504/IJSEAM.2020.111425
  Issue No: Vol. 3, No. 4 (2020)