Corporate asset management: A semi-quantitative business-driven approach to support the evaluation of improvement options

    Research output: Contribution to journalArticleScientificpeer-review

    Abstract

    The corporate asset strategy determines whether assets should be enhanced by capital investment, maintained to maintain their position or disposed of. Thus, the corporate asset strategy connects corporate objectives to the available production technology, and consequently, the production asset base has to be developed so as to support the company's objectives. Even though it is evident that physical assets are key elements in bringing the corporate strategy into action, many asset owners still do not connect asset management with corporate strategy. This paper examines the influence of the market demand and competitive situation to asset management decisions, especially operative investment decisions in the capital-intensive manufacturing industry. It proposes a practical semi-quantitative approach to support business-driven asset strategy decisions. The empirical research was carried out in cooperation between researchers and companies. The results indicate that a systematic strategy-oriented analysis can be successfully combined with the corporate asset management decisions.
    Original languageEnglish
    Pages (from-to)208-222
    JournalInternational Journal of Strategic Engineering Asset Management
    Volume2
    Issue number2
    DOIs
    Publication statusPublished - 2015
    MoE publication typeA1 Journal article-refereed

    Keywords

    • asset management
    • investment option
    • strategy
    • market demand
    • competitive situation
    • risk
    • uncertainty

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