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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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.