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

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    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.