A Strategic Asset Management Model: A framework of a plant level model for strategic choices and actions

Kari Komonen

Research output: Contribution to conferenceConference articleScientificpeer-review

Abstract

The plant level is the mixture strategic and operative decision making in nature and focus on the middle and long term perspective. Plant asset strategy is based on corporate asset strategies, plant level business objectives and three plant level analyses: market, plant characteristics and technology of the original investment. These analyses help to determine the future requirements for physical assets and required strategic choices. Once the requirements are compared to the existing assets and their performance potential, the future plant level asset strategy can be determined taking into account various asset management options available. Based on strategic choices optimal performance can be defined and subsequent development actions including investments, modernizations, replacements and maintenance actions can be determined. This paper gives a coarse model for a plant level approach.
Original languageEnglish
Number of pages10
Publication statusPublished - 2008
MoE publication typeNot Eligible
EventEuromaintenance 2008
: Conference on asset management & production reliability
- Brussels, Belgium
Duration: 8 Apr 200810 Apr 2008

Conference

ConferenceEuromaintenance 2008
CountryBelgium
CityBrussels
Period8/04/0810/04/08

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Keywords

  • strategy
  • asset management
  • maintenance management
  • critical success factors

Cite this

Komonen, K. (2008). A Strategic Asset Management Model: A framework of a plant level model for strategic choices and actions. Paper presented at Euromaintenance 2008
, Brussels, Belgium.