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

    Research output: Contribution to conferenceConference articleProfessional

    Abstract

    The corporate asset strategy is a function of four factors, namely (1) corporate values, vision, objectives and strategy, (2) technology in use, (3) strategic position and other characteristics of the company, and (4) characteristics of relevant markets. The asset strategy determines whether assets should be enhanced by capital investment, maintained to upkeep their position in the corporate production system or disposed. We regard marked dynamics as a key driver for corporate asset management decisions and present a set of tools for analysing of business environment from the standpoint of production assets. As corporate level decisions own the widest degree of freedom and they are by nature design phase activities one of the main and the same time the most interesting and challenging research area is on the corporate level planning and decision making.
    Original languageEnglish
    Publication statusPublished - 2010
    MoE publication typeNot Eligible
    Event5th World Congress on Engineering Asset Management, WCEAM 2010 - Brisbane, Australia
    Duration: 25 Oct 201027 Oct 2010
    Conference number: 5

    Conference

    Conference5th World Congress on Engineering Asset Management, WCEAM 2010
    Abbreviated titleWCEAM 2010
    CountryAustralia
    CityBrisbane
    Period25/10/1027/10/10

    Fingerprint

    Asset management
    Integrated
    Assets
    Relevant market
    Factors
    Management decisions
    Corporate value
    Decision making
    Business environment
    Planning
    Capital investment

    Keywords

    • asset management
    • maintenance
    • strategy
    • decision makin

    Cite this

    Komonen, K., Kortelainen, H., & Räikkönen, M. (2010). Corporate Asset Management for Industrial Companies: An Integrated Business Driven Approach. Paper presented at 5th World Congress on Engineering Asset Management, WCEAM 2010, Brisbane, Australia.
    Komonen, Kari ; Kortelainen, Helena ; Räikkönen, Minna. / Corporate Asset Management for Industrial Companies : An Integrated Business Driven Approach. Paper presented at 5th World Congress on Engineering Asset Management, WCEAM 2010, Brisbane, Australia.
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    abstract = "The corporate asset strategy is a function of four factors, namely (1) corporate values, vision, objectives and strategy, (2) technology in use, (3) strategic position and other characteristics of the company, and (4) characteristics of relevant markets. The asset strategy determines whether assets should be enhanced by capital investment, maintained to upkeep their position in the corporate production system or disposed. We regard marked dynamics as a key driver for corporate asset management decisions and present a set of tools for analysing of business environment from the standpoint of production assets. As corporate level decisions own the widest degree of freedom and they are by nature design phase activities one of the main and the same time the most interesting and challenging research area is on the corporate level planning and decision making.",
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    Komonen, K, Kortelainen, H & Räikkönen, M 2010, 'Corporate Asset Management for Industrial Companies: An Integrated Business Driven Approach', Paper presented at 5th World Congress on Engineering Asset Management, WCEAM 2010, Brisbane, Australia, 25/10/10 - 27/10/10.

    Corporate Asset Management for Industrial Companies : An Integrated Business Driven Approach. / Komonen, Kari; Kortelainen, Helena; Räikkönen, Minna.

    2010. Paper presented at 5th World Congress on Engineering Asset Management, WCEAM 2010, Brisbane, Australia.

    Research output: Contribution to conferenceConference articleProfessional

    TY - CONF

    T1 - Corporate Asset Management for Industrial Companies

    T2 - An Integrated Business Driven Approach

    AU - Komonen, Kari

    AU - Kortelainen, Helena

    AU - Räikkönen, Minna

    N1 - Project code: 37228

    PY - 2010

    Y1 - 2010

    N2 - The corporate asset strategy is a function of four factors, namely (1) corporate values, vision, objectives and strategy, (2) technology in use, (3) strategic position and other characteristics of the company, and (4) characteristics of relevant markets. The asset strategy determines whether assets should be enhanced by capital investment, maintained to upkeep their position in the corporate production system or disposed. We regard marked dynamics as a key driver for corporate asset management decisions and present a set of tools for analysing of business environment from the standpoint of production assets. As corporate level decisions own the widest degree of freedom and they are by nature design phase activities one of the main and the same time the most interesting and challenging research area is on the corporate level planning and decision making.

    AB - The corporate asset strategy is a function of four factors, namely (1) corporate values, vision, objectives and strategy, (2) technology in use, (3) strategic position and other characteristics of the company, and (4) characteristics of relevant markets. The asset strategy determines whether assets should be enhanced by capital investment, maintained to upkeep their position in the corporate production system or disposed. We regard marked dynamics as a key driver for corporate asset management decisions and present a set of tools for analysing of business environment from the standpoint of production assets. As corporate level decisions own the widest degree of freedom and they are by nature design phase activities one of the main and the same time the most interesting and challenging research area is on the corporate level planning and decision making.

    KW - asset management

    KW - maintenance

    KW - strategy

    KW - decision makin

    M3 - Conference article

    ER -

    Komonen K, Kortelainen H, Räikkönen M. Corporate Asset Management for Industrial Companies: An Integrated Business Driven Approach. 2010. Paper presented at 5th World Congress on Engineering Asset Management, WCEAM 2010, Brisbane, Australia.