Supporting Asset Management Decision-Making: New value creation perspective

Minna Räikkönen, Tero Välisalo, Daryna Shylina, Sara Tilabi

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

1 Citation (Scopus)

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.
Original languageEnglish
Title of host publicationProceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)
PublisherSpringer
Pages479-486
ISBN (Electronic)978-3-319-27064-7
ISBN (Print)978-3-319-27062-3
DOIs
Publication statusPublished - 26 Mar 2016
MoE publication typeA4 Article in a conference publication
Event10th World Congress on Engineering Asset Management, WCEAM 2015 - Tampere Hall, Tampere, Finland
Duration: 28 Sep 201530 Sep 2015

Publication series

SeriesLecture Notes in Mechanical Engineering
ISSN2195-4356

Conference

Conference10th World Congress on Engineering Asset Management, WCEAM 2015
Abbreviated titleWCEAM 2015
CountryFinland
CityTampere
Period28/09/1530/09/15

Fingerprint

Asset management
Decision making
Sustainable development
Industry

Keywords

  • asset management
  • decision-making
  • asset
  • investment
  • value
  • value creation
  • evaluation
  • assessment

Cite this

Räikkönen, M., Välisalo, T., Shylina, D., & Tilabi, S. (2016). Supporting Asset Management Decision-Making: New value creation perspective. In Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015) (pp. 479-486). Springer. Lecture Notes in Mechanical Engineering https://doi.org/10.1007/978-3-319-27064-7_46
Räikkönen, Minna ; Välisalo, Tero ; Shylina, Daryna ; Tilabi, Sara. / Supporting Asset Management Decision-Making : New value creation perspective. Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). Springer, 2016. pp. 479-486 (Lecture Notes in Mechanical Engineering).
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Räikkönen, M, Välisalo, T, Shylina, D & Tilabi, S 2016, Supporting Asset Management Decision-Making: New value creation perspective. in Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). Springer, Lecture Notes in Mechanical Engineering, pp. 479-486, 10th World Congress on Engineering Asset Management, WCEAM 2015, Tampere, Finland, 28/09/15. https://doi.org/10.1007/978-3-319-27064-7_46

Supporting Asset Management Decision-Making : New value creation perspective. / Räikkönen, Minna; Välisalo, Tero; Shylina, Daryna; Tilabi, Sara.

Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). Springer, 2016. p. 479-486 (Lecture Notes in Mechanical Engineering).

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

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Räikkönen M, Välisalo T, Shylina D, Tilabi S. Supporting Asset Management Decision-Making: New value creation perspective. In Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015). Springer. 2016. p. 479-486. (Lecture Notes in Mechanical Engineering). https://doi.org/10.1007/978-3-319-27064-7_46