{"title":"A framework for physical asset risk management in the Sri Lankan clothing industry","authors":"T. Premanathan, D. Rajini, T. Karunaratne","doi":"10.1504/ijseam.2020.10033542","DOIUrl":"https://doi.org/10.1504/ijseam.2020.10033542","url":null,"abstract":"Increasing demand for operational efficiency in clothing manufacturing organisations necessitates the management of risks associated with their physical assets. The aims to develop a framework for effective physical asset risk management (PARM) in Sri Lankan clothing industry. This was approached through a multiple case study research method carrying out five case studies. The required data were collected through semi-structured interviews and the data analysis was carried out using content analysis. The research findings revealed that PARM in Sri Lankan clothing industry has not received an adequate attention. Adopting standardised risk management (RM) procedures, convincing the top management about the importance of PARM and achieving top management support and making the stakeholders aware about PARM are the keys to achieve effective PARM in Sri Lankan clothing industry. The PARM framework will be a useful guide for the practitioners in the clothing industry to manage physical asset related risks effectively.","PeriodicalId":245053,"journal":{"name":"International Journal of Strategic Engineering Asset Management","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130737411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Räikkönen, H. Kortelainen, S. Kunttu, K. Komonen
{"title":"Corporate asset management - an integrated model for investment portfolio assessment","authors":"M. Räikkönen, H. Kortelainen, S. Kunttu, K. Komonen","doi":"10.1504/ijseam.2020.10033544","DOIUrl":"https://doi.org/10.1504/ijseam.2020.10033544","url":null,"abstract":"","PeriodicalId":245053,"journal":{"name":"International Journal of Strategic Engineering Asset Management","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133744563","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sustainability in strategic asset management frameworks: a systematic literature review","authors":"Jyri Hanski, V. Ojanen","doi":"10.1504/IJSEAM.2020.111420","DOIUrl":"https://doi.org/10.1504/IJSEAM.2020.111420","url":null,"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.","PeriodicalId":245053,"journal":{"name":"International Journal of Strategic Engineering Asset Management","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126562253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Introducing user experience in manual data collection: the effect of social influence, managerial support, and usefulness","authors":"Katrine Mahlamäki, M. Nieminen","doi":"10.1504/ijseam.2020.10033545","DOIUrl":"https://doi.org/10.1504/ijseam.2020.10033545","url":null,"abstract":"","PeriodicalId":245053,"journal":{"name":"International Journal of Strategic Engineering Asset Management","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126754443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A summary of defect evolution and health monitoring of wind turbine blades","authors":"E. Jantunen, Idriss El Thalji","doi":"10.1504/ijseam.2019.10030324","DOIUrl":"https://doi.org/10.1504/ijseam.2019.10030324","url":null,"abstract":"","PeriodicalId":245053,"journal":{"name":"International Journal of Strategic Engineering Asset Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115835901","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Komljenovic, G. Abdul-Nour, Jean-François Boudreau
{"title":"Risk-informed decision-making in asset management as a complex adaptive system of systems","authors":"D. Komljenovic, G. Abdul-Nour, Jean-François Boudreau","doi":"10.1504/ijseam.2019.10030326","DOIUrl":"https://doi.org/10.1504/ijseam.2019.10030326","url":null,"abstract":"Decision-making is an essential activity in asset management (AM). It is influenced by various factors (strategic, technical/technological, economic, organisational, regulatory, safety, markets, etc.). Sound decision-making in AM ought to take into account relevant factors in order to balance risks, opportunities, performance, costs and benefits. Additionally, modern organisations evolve in complex operational and business environments and are exposed to significant uncertainties. In such a context, decision-making in AM becomes more challenging. This study proposes a holistic three-step risk-informed decision-making (RIDM) methodology developed for AM, where RIDM is considered a complex adaptive system of systems. The methodology is applied in a case study to analyse possible modification strategies for a nuclear power plant's emergency core cooling system. Through the RIDM process, quantitative models and other factors have been taken into account in order to obtain the necessary comprehensive insights regarding the decision to be made.","PeriodicalId":245053,"journal":{"name":"International Journal of Strategic Engineering Asset Management","volume":"10 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116770710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Timo Kärri, Salla Marttonen Arola, A. Happonen, S. Kinnunen
{"title":"Traditional and extended fleets in literature and practice: definition and untapped potential","authors":"Timo Kärri, Salla Marttonen Arola, A. Happonen, S. Kinnunen","doi":"10.1504/ijseam.2019.10029497","DOIUrl":"https://doi.org/10.1504/ijseam.2019.10029497","url":null,"abstract":"The concept of fleet is traditionally discussed in certain industries, such as military, marine, logistics, and aviation industries. In asset management context, the fleet can also consist of machineries or equipment. It would be beneficial to exploit the learnings from the traditional fleet management fields in other environments, where fleets can be considered in an extended manner. E.g., digitalisation generates massive amounts of data which can be exploited more efficiently for fleet management purposes. The aim of this paper is to identify fleets appearing in the literature and to find out whether we should make extended fleet definitions to which the fleet management practices from traditional fleets can be applied. The research has been conducted by reviewing the literature and describing empirical examples of different fleets. The results indicate that fleet management learnings can be applied widely to different types of asset groups, in other words to extended fleets. There is potential to apply fleet management, e.g., to improving business processes, managing complex systems as a fleet, and categorising fleets at multiple levels.","PeriodicalId":245053,"journal":{"name":"International Journal of Strategic Engineering Asset Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130769948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}