Abstract
This chapter of the book outlines the main factors of industrial asset management: physical asset creation and improvements (investments), use of assets and maintenance of assets. We introduce approaches to improve decision making in asset management. This text covers the influence of various business environments, life cycle profit approach and uncertainty aspects on asset management. The general global problems especially in the capital intensive industry seem to be even overcapacity, low returns on investment and increase of turbulence. From the physical assets point of view, these requirements mean a need for a dynamic and continual life cycle management, optimal capacity development, improved investment planning, higher overall equipment effectiveness and lower maintenance costs of the equipment. These challenges are discussed in this chapter and some solutions are presented.
| Original language | English |
|---|---|
| Title of host publication | Asset Management |
| Subtitle of host publication | The State of the Art in Europe from a Life Cycle Perspective |
| Editors | Telli van der Lei, Paulien Herder, Ype Wijnia |
| Place of Publication | Dordrecht |
| Publisher | Springer |
| Chapter | 4 |
| Pages | 47-63 |
| ISBN (Electronic) | 978-94-007-2724-3 |
| ISBN (Print) | 978-94-007-2723-6, 978-94-017-8058-2 |
| DOIs | |
| Publication status | Published - 30 Nov 2011 |
| MoE publication type | D2 Article in professional manuals or guides or professional information systems or text book material |
Keywords
- corporate asset management
- asset strategy
- life cycle
- business environment
- uncertainty