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

Fingerprint

Assets
Strategic choice
Strategic assets
Strategic action
Asset management
Management model
Business objectives
Decision making
Replacement
Modernization

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.
Komonen, Kari. / A Strategic Asset Management Model : A framework of a plant level model for strategic choices and actions. Paper presented at Euromaintenance 2008
, Brussels, Belgium.10 p.
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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.",
keywords = "strategy, asset management, maintenance management, critical success factors",
author = "Kari Komonen",
year = "2008",
language = "English",
note = "Euromaintenance 2008 <br/> : Conference on asset management &amp; production reliability ; Conference date: 08-04-2008 Through 10-04-2008",

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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, 8/04/08 - 10/04/08.

A Strategic Asset Management Model : A framework of a plant level model for strategic choices and actions. / Komonen, Kari.

2008. Paper presented at Euromaintenance 2008
, Brussels, Belgium.

Research output: Contribution to conferenceConference articleScientificpeer-review

TY - CONF

T1 - A Strategic Asset Management Model

T2 - A framework of a plant level model for strategic choices and actions

AU - Komonen, Kari

PY - 2008

Y1 - 2008

N2 - 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.

AB - 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.

KW - strategy

KW - asset management

KW - maintenance management

KW - critical success factors

M3 - Conference article

ER -

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