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

    Keywords

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

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  • 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.