Corporate Asset Management for Industrial Companies: An Integrated Business-Driven Approach

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

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 languageEnglish
Title of host publicationAsset Management
EditorsT. Van der Lei, Y. Wijnia
PublisherSpringer
Pages47-63
ISBN (Electronic)978-94-007-2724-3
ISBN (Print)978-94-007-2723-6
DOIs
Publication statusPublished - 30 Nov 2011
MoE publication typeD2 Article in professional manuals or guides or professional information systems or text book material

Fingerprint

Assets
Asset management
Integrated
Maintenance cost
Overcapacity
Return on investment
Industry
Uncertainty
Optimal capacity
Factors
Business environment
Turbulence
Investment planning
Profit
Life cycle
Life cycle management
Decision making

Keywords

  • corporate asset management
  • asset strategy
  • life cycle
  • business environment
  • uncertainty

Cite this

Komonen, Kari ; Kortelainen, Helena ; Räikkönen, Minna. / Corporate Asset Management for Industrial Companies : An Integrated Business-Driven Approach. Asset Management. editor / T. Van der Lei ; Y. Wijnia. Springer, 2011. pp. 47-63
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Corporate Asset Management for Industrial Companies : An Integrated Business-Driven Approach. / Komonen, Kari; Kortelainen, Helena; Räikkönen, Minna.

Asset Management. ed. / T. Van der Lei; Y. Wijnia. Springer, 2011. p. 47-63.

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

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