Corporate asset management

A semi-quantitative business-driven approach for evaluating improvement options

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

Abstract

The corporate asset strategy determines whether assets should be enhanced by capital investment, maintained to upkeep their position or disposed. Thus, the corporate asset strategy connects corporate objectives to the available production technology, and consequently, the production asset base has to be developed to support the company s objectives. Even it is evident that physical assets are key elements in bringing the corporate strategy into action many asset owners still don't couple asset management with corporate strategy. This paper examines the influence of the market demand and competitive situation to the asset management decisions, especially operative investment decisions in the capital intensive manufacturing industry. It proposes a practical semi-quantitative approach to support the business-driven asset strategy decisions. The empirical research was carried out in co-operation between researchers and companies. The results indicate that a systematic strategy oriented analysis can be successfully combined to the corporate asset management decisions.
Original languageEnglish
Title of host publicationProceedings
Subtitle of host publicationMaintenance Performance Measurement & Management, MPMM 2013
EditorsSari Monto, Miia Pirttilä, Timo Kärri
PublisherLappeenranta University of Technology
Number of pages15
ISBN (Print)978-9-5226-5443-4
Publication statusPublished - 2013
MoE publication typeNot Eligible
EventMaintenance Performance Measurement and Management Conference Conference, MPMM 2013 - Lappeenranta, Finland
Duration: 12 Sep 201313 Sep 2013

Conference

ConferenceMaintenance Performance Measurement and Management Conference Conference, MPMM 2013
Abbreviated titleMPMM 2013
CountryFinland
CityLappeenranta
Period12/09/1313/09/13

Fingerprint

Assets
Asset management
Corporate strategy
Management decisions
Investment decision
Owners
Production technology
Empirical research
Decision strategy
Capital investment
Manufacturing industries
Market demand

Keywords

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

Cite this

Kortelainen, H., Räikkönen, M., & Komonen, K. (2013). Corporate asset management: A semi-quantitative business-driven approach for evaluating improvement options. In S. Monto, M. Pirttilä, & T. Kärri (Eds.), Proceedings: Maintenance Performance Measurement & Management, MPMM 2013 Lappeenranta University of Technology.
Kortelainen, Helena ; Räikkönen, Minna ; Komonen, Kari. / Corporate asset management : A semi-quantitative business-driven approach for evaluating improvement options. Proceedings: Maintenance Performance Measurement & Management, MPMM 2013. editor / Sari Monto ; Miia Pirttilä ; Timo Kärri. Lappeenranta University of Technology, 2013.
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Kortelainen, H, Räikkönen, M & Komonen, K 2013, Corporate asset management: A semi-quantitative business-driven approach for evaluating improvement options. in S Monto, M Pirttilä & T Kärri (eds), Proceedings: Maintenance Performance Measurement & Management, MPMM 2013. Lappeenranta University of Technology, Maintenance Performance Measurement and Management Conference Conference, MPMM 2013, Lappeenranta, Finland, 12/09/13.

Corporate asset management : A semi-quantitative business-driven approach for evaluating improvement options. / Kortelainen, Helena; Räikkönen, Minna; Komonen, Kari.

Proceedings: Maintenance Performance Measurement & Management, MPMM 2013. ed. / Sari Monto; Miia Pirttilä; Timo Kärri. Lappeenranta University of Technology, 2013.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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AB - The corporate asset strategy determines whether assets should be enhanced by capital investment, maintained to upkeep their position or disposed. Thus, the corporate asset strategy connects corporate objectives to the available production technology, and consequently, the production asset base has to be developed to support the company s objectives. Even it is evident that physical assets are key elements in bringing the corporate strategy into action many asset owners still don't couple asset management with corporate strategy. This paper examines the influence of the market demand and competitive situation to the asset management decisions, especially operative investment decisions in the capital intensive manufacturing industry. It proposes a practical semi-quantitative approach to support the business-driven asset strategy decisions. The empirical research was carried out in co-operation between researchers and companies. The results indicate that a systematic strategy oriented analysis can be successfully combined to the corporate asset management decisions.

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Kortelainen H, Räikkönen M, Komonen K. Corporate asset management: A semi-quantitative business-driven approach for evaluating improvement options. In Monto S, Pirttilä M, Kärri T, editors, Proceedings: Maintenance Performance Measurement & Management, MPMM 2013. Lappeenranta University of Technology. 2013