Sustainability in strategic asset management frameworks: A systematic literature review

Jyri Hanski, Ville Ojanen

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Decisions on strategic asset management often consider long lifetimes. The long-term perspective, varying types of assets, and other industry trends, such as sustainability requirements, have implications for strategic asset management frameworks. The stakeholders related to the assets are demanding actions that increase sustainability, and forward-looking organisations are adopting sustainability principles in their business. This study gives guidelines for the development of more holistic strategic asset management frameworks. Using a systematic literature review, 37 frameworks are identified and analysed based on their application area, decision level, uncertainty management practices, and asset management indicators. As a result, a conceptual sustainable strategic asset management framework is created.
Original languageEnglish
JournalInternational Journal of Strategic Engineering Asset Management
Publication statusAccepted/In press - 16 May 2019
MoE publication typeA1 Journal article-refereed

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Strategic assets
Asset management
Literature review
Sustainability
Assets
Uncertainty management
Stakeholders
Industry
Management practices

Keywords

  • asset management
  • manufacturing
  • Literature review
  • sustainability
  • Infrastructure

Cite this

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Sustainability in strategic asset management frameworks: A systematic literature review. / Hanski, Jyri; Ojanen, Ville.

In: International Journal of Strategic Engineering Asset Management, 16.05.2019.

Research output: Contribution to journalArticleScientificpeer-review

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AB - Decisions on strategic asset management often consider long lifetimes. The long-term perspective, varying types of assets, and other industry trends, such as sustainability requirements, have implications for strategic asset management frameworks. The stakeholders related to the assets are demanding actions that increase sustainability, and forward-looking organisations are adopting sustainability principles in their business. This study gives guidelines for the development of more holistic strategic asset management frameworks. Using a systematic literature review, 37 frameworks are identified and analysed based on their application area, decision level, uncertainty management practices, and asset management indicators. As a result, a conceptual sustainable strategic asset management framework is created.

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