Corporate asset management: An integrated model for investment portfolio assessment

Minna Räikkönen, Helena Kortelainen, Susanna Kunttu, Kari Komonen

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Assessing the value of investments can be considered a multidimensional problem and a continuous process wherein the decision-maker is confronted with multiple needs, requirements and values. Thus, all investments and investment portfolios should be evaluated, selected and prioritised not only in terms of money, but also with regard to dependability, sustainability and other aspects to be able to form the optimal investment portfolio. This paper proposes a life-cycle cost-oriented portfolio analysis model that will better serve investment decision-making in the
capital-intensive industry. The conceptual model includes economic assessment, risk assessment, as well as strategic and technical analyses. From a long-term perspective, applying a more integrated approach to investment portfolio assessments generates several benefits, including advancing companies’ and stakeholders’ abilities to manage investments and to support the goal of sustainable business growth.
Original languageEnglish
Pages (from-to)312–329
Number of pages18
JournalInternational Journal of Strategic Engineering Asset Management
Volume3
Issue number4
DOIs
Publication statusE-pub ahead of print - 13 Nov 2020
MoE publication typeA1 Journal article-refereed

Keywords

  • asset management
  • portfolio management
  • investment appraisal
  • investment portfolio
  • life-cycle costing
  • life-cycle cost
  • life-cycle profit

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