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Corporate Asset Management for Industrial Companies: An Integrated Business-Driven Approach

  • Kari Komonen
  • Helena Kortelainen
  • Minna Räikkönen
Chapter

Abstract

This chapter outlines the main factors of industrial asset management: physical asset creation and improvements (investments), use of assets and maintenance of assets. We introduce approaches to improve decision making in asset management. This text covers the influence of various business environments, life cycle profit approach and uncertainty aspects on asset management. The general global problems especially in the capital intensive industry seem to be even over-capacity, low returns on investment and increase of turbulence. From the physical assets point of view, these requirements mean a need for a dynamic and continual life cycle management, optimal capacity development, improved investment planning, higher overall equipment effectiveness and lower maintenance costs of the equipment. These challenges are discussed in this chapter and some solutions are presented.

Keywords

Business Environment Life Cycle Cost Competitive Position Asset Management Life Cycle Management 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media B.V. 2012

Authors and Affiliations

  • Kari Komonen
    • 1
  • Helena Kortelainen
    • 2
  • Minna Räikkönen
    • 2
  1. 1.VTT, Technical Research Centre of FinlandEspooFinland
  2. 2.VTT, Technical Research Centre of FinlandTampereFinland

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