Investment Portfolio Evaluation: A Practical Techno-Economic Approach to Support Corporate Asset Management

Susanna Kunttu, Minna Räikkönen, Helena Kortelainen, K Komonen

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    In capital intensive industries and infrastructure sector strategic decisions often deal with maximizing the value of investment portfolio and aligning it with the strategy. Production assets typically have long life cycles and during the operating time numerous rebuilds, replacements and expansion investments take place. All of these decisions, together with the chosen maintenance strategy, affect not only the length of functional and technological life but also the length of economic life of assets. In order to optimize the investment decisions and the economic life of production assets, companies need to create an asset management strategy, which should be based on constructed and systematic decision-making at all the levels of the corporate hierarchy. In this paper we propose a practical techno-economic approach and evaluation application which aims at to fulfill the gap between theoretical approaches and companies' needs to make deliberated investment decisions in turbulent business environment
    Original languageEnglish
    Title of host publicationEuroMaintenance 2014 Congress Proceedings
    Pages166-171
    Publication statusPublished - 2014
    MoE publication typeA4 Article in a conference publication
    Event22nd European Congress and Expo on Maintenance and Asset Management: 6th World Congress & Global Forum on Maintenance and Asset Management - Helsinki, Finland
    Duration: 5 May 20147 May 2014
    Conference number: 22

    Conference

    Conference22nd European Congress and Expo on Maintenance and Asset Management
    Abbreviated titleEuroMaintenance 2014
    CountryFinland
    CityHelsinki
    Period5/05/147/05/14

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    Keywords

    • Investment portfolio
    • asset management
    • uncertainty
    • decision making

    Cite this

    Kunttu, S., Räikkönen, M., Kortelainen, H., & Komonen, K. (2014). Investment Portfolio Evaluation: A Practical Techno-Economic Approach to Support Corporate Asset Management. In EuroMaintenance 2014 Congress Proceedings (pp. 166-171)