@inproceedings{c44adc4a927e4fa9b472c0d16bdc6015,
title = "Supporting Asset Management Decision-Making: New value creation perspective",
abstract = "The current transition in value formation is forcing companies to seek new models and ways of operating and supporting their business and related investments. Therefore, the need for integrating the wider value perspective into the asset management and consequently, on asset management decision-making is increasing. Investments on engineered assets should be evaluated, selected and prioritized not only in terms of money but also with regard to sustainability, safety, quality, social acceptability and other typically intangible criteria. However, the evaluation of intangible and indirect impacts has rarely been included in the assessment up to now. This knowledge gap will be filled by this paper by proposing a preliminary framework for integrating wider value creation perspective into the asset management decision-making. It is aimed at decision-makers and intended to support decision-making on investments on engineered assets.",
keywords = "asset management, decision-making, asset, investment, value, value creation, evaluation, assessment",
author = "Minna R{\"a}ikk{\"o}nen and Tero V{\"a}lisalo and Daryna Shylina and Sara Tilabi",
year = "2016",
month = mar,
day = "26",
doi = "10.1007/978-3-319-27064-7_46",
language = "English",
isbn = "978-3-319-27062-3",
series = "Lecture Notes in Mechanical Engineering",
publisher = "Springer",
pages = "479--486",
booktitle = "Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)",
address = "Germany",
note = "10th World Congress on Engineering Asset Management, WCEAM 2015, WCEAM 2015 ; Conference date: 28-09-2015 Through 30-09-2015",
}