Current Asset Management Practices Applied to Pavement Markings

2008 ◽  
Vol 2055 (1) ◽  
pp. 78-86
Author(s):  
Michael J. Markow
Keyword(s):  
Asset Management ◽  
Management Practices ◽  
Pavement Markings ◽  
Current Asset

scholarly journals Developing Pavement Marking Management Systems: A Theoretical Model Framework Based on the Experiences of the US Transportation Agencies

2021 ◽  
Vol 6 (2) ◽  
pp. 18
Author(s):  
Alireza Sassani ◽  
Omar Smadi ◽  
Neal Hawkins
Keyword(s):  
Asset Management ◽  
Management Practices ◽  
Relevant Literature ◽  
Building Blocks ◽  
Management Systems ◽  
Model Framework ◽  
Pavement Markings ◽  
The Us ◽  
Pavement Marking ◽  
Transportation Agencies

Pavement markings are essential elements of transportation infrastructure with critical impacts on safety and mobility. They provide road users with the necessary information to adjust driving behavior or make calculated decisions about commuting. The visibility of pavement markings for drivers can be the boundary between a safe trip and a disastrous accident. Consequently, transportation agencies at the local or national levels allocate sizeable budgets to upkeep the pavement markings under their jurisdiction. Infrastructure asset management systems (IAMS) are often biased toward high-capital-cost assets such as pavements and bridges, not providing structured asset management (AM) plans for low-cost assets such as pavement markings. However, recent advances in transportation asset management (TAM) have promoted an integrated approach involving the pavement marking management system (PMMS). A PMMS brings all data items and processes under a comprehensive AM plan and enables managing pavement markings more efficiently. Pavement marking operations depend on location, conditions, and AM policies, highly diversifying the pavement marking management practices among agencies and making it difficult to create a holistic image of the system. Most of the available resources for pavement marking management focus on practices instead of strategies. Therefore, there is a lack of comprehensive guidelines and model frameworks for developing PMMS. This study utilizes the existing body of knowledge to build a guideline for developing and implementing PMMS. First, by adapting the core AM concepts to pavement marking management, a model framework for PMMS is created, and the building blocks and elements of the framework are introduced. Then, the caveats and practical points in PMMS implementation are discussed based on the US transportation agencies’ experiences and the relevant literature. This guideline is aspired to facilitate PMMS development for the agencies and pave the way for future pavement marking management tools and databases.

scholarly journals Current Asset Management as the driver of financial efficiency in Textile Industry of Pakistan

2021 ◽  
Vol 09 (01) ◽  
pp. 68-84
Author(s):  
Muhammad Usman Arshad ◽  
◽  
Zahid Bashir ◽  
Muhammad Asif ◽  
Syed Muhammad Shuja ◽  
...  
Keyword(s):  
Asset Management ◽  
Textile Industry ◽  
Management Practices ◽  
Random Effect ◽  
Unit Root Test ◽  
Financial Efficiency ◽  
Panel Data Estimation ◽  
Lm Test ◽  
Current Asset ◽  
Textile Sector

The study aimed to explore the significance of the relationship between current asset management, and financial efficiency in the textile sector of Pakistan. Financial data were collected for 50 textile companies for the year 2001 to 2017. The researchers analyzed the study using panel-data estimation techniques like the fixed as well as the random-effect after applying the Hausman-test, and LM-test. Fisher type panel unit root test was also applied. The empirical results of the study indicate that current asset ratio as the measure of current asset management is a highly negatively significant driver of financial efficiency in the textile sector of Pakistan. Also, the controlling factors like leverage, and tangibility are significant factors of financial efficiency. The policymakers, and management of the companies in the textile sector of Pakistan should carefully consider current asset ratio for deciding on enhancing the financial efficiency of their firm as current asset ratio decreases financial efficiency in this sector.They should take careful decision in their current asset management practices.

Physical asset management practices in the Saudi public sector

2017 ◽  
Vol 7 (1) ◽  
pp. 19-31
Author(s):  
Alhazmi Naief
Keyword(s):  
Public Sector ◽  
Asset Management ◽  
Management Practices ◽  
Structured Interview ◽  
Professional Standards ◽  
Policy Implications ◽  
Public Servants ◽  
Content Type ◽  
Current Asset ◽  
Physical Assets

Purpose The purpose of this paper is to understand the characteristics of the current asset management (AM) practices across the Saudi public sector (SPS). Design/methodology/approach The study uses a mixture of inductive and deductive logic, including, at the outset, developing a framework tool to assess the SPS using thematic analysis. The framework is based on seven well-known international AM standards and guidelines. Later, a structured interview with 196 items is used to capture characteristics of SPS AM practices. Univariate and interpretive analyses were performed. Findings AM practices across the SPS are characterised by the following: in the majority of ministries, practices are below expectations; performance indicators are unrealistic and incomprehensive; public servants lack awareness of AM practices; the majority of the public sector overlooks the existence of professional standards; policies are not consistent across the sector; and finally, there is an over-reliance on public servants’ experience. Research limitations/implications Policy implications – current AM practices across the SPS need to be established, in particular by introducing policies and professional standards. Originality/value Physical assets are vital resources for organisations and, in turn, countries. There are no extant studies about AM practices across the SPS, and thus the evident need for such studies to develop current SPS knowledge, particularly given the notable increase in the country’s physical assets since its emergence and the formal AM practice development worldwide.

Integrating Guardrail System Preservation Policies into Asset Management Practices

2017 ◽  
Vol 2646 (1) ◽  
pp. 49-56
Author(s):  
Shahrouz J. Ghadimi ◽  
Sandra N. Gutierrez ◽  
Carlos M. Chang
Keyword(s):  
Asset Management ◽  
Management Practices ◽  
Pavement Markings ◽  
Road Users ◽  
Transportation Asset Management ◽  
And Performance ◽  
Asset Management System ◽  
Analytical Tools ◽  
Over Time ◽  
Highway Assets

Asset management provides a strategic framework for infrastructure systems and focuses on getting the most out of their performance with the available resources. To determine future budget needs, highway agencies must have the necessary data and analytical tools with which to predict the performance of highway assets over time. Currently, transportation asset management systems are at different maturity levels. Pavement and bridges are considered the big ticket of all highway assets, but the preservation of signs, signals, lighting, guardrails, and pavement markings is also crucial to protect road users. Despite its importance, one of the safety assets with fewer asset management analytical tools is guardrail systems. Transportation agencies typically replace or repair guardrails that have endured major damage from car crashes. To implement a proactive preservation program, in agreement with transportation asset management practices, various parameters must be known. These parameters include inventory information, current guardrail condition, and performance models to forecast changes in the guardrail system condition over time. This paper describes a performance-based model with an analytical method to formulate a proactive preservation program for guardrail systems. The model was developed from inventory data and predicts changes in the guardrail system condition over time. A case study estimates the annual agency costs and backlogged costs over a 10-year analysis period. This model can be integrated into an asset management system to facilitate the formulation of preservation programs for guardrail systems at the strategic level.

scholarly journals WORKING CAPITAL MANAGEMENT OF TRADE ENTERPRISES FROM THE POSITION OF FUNCTIONAL AND REFLECTING AND STRUCTURAL AND CLASSIFICATION APPROACHES

2019 ◽  
pp. 68-77
Author(s):  
Oksana Blуznіuk ◽  
Alona Sifurova
Keyword(s):  
Asset Management ◽  
Financial Stability ◽  
Retail Trade ◽  
Enterprise Management ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Current Asset ◽  
Reproduction Process ◽  
Operational Activities

Introduction. The article proves the necessity of improving the overall system of enterprise trade management by developing an efficient subsystem of working capital management in the unity and interconnection with other subsystems and elements. It has to be done in the context of the successive stages of the transformation and reproduction and financial and economic cycle of the operation of a trading enterprise. Purpose. The article aims to substantiate the content and mechanism of the subsystem of current asset management of the trade enterprise on the basis of the use of functional and reproductive and structural and classification approaches. Method. According to the State Statistics Service of Ukraine, the analysis of the dynamics and structure of the volume and structure of financial sources of capital and assets of Ukrainian trade enterprises during 2010-2017 is carried out. It is revealed that the vast majority of domestic enterprises of wholesale and retail trade suffer from a sharp shortage of own funds for the formation of working capital, which is a source of financing of constituent elements of current assets. It significantly affects the level of financial stability, independence and efficiency of financial and economic activity of trade enterprises. Results. The scientific approaches to enterprise management organization based on a systematic approach have been considered and systematized. The effect of modern mechanism of working capital management as an important element of the overall system of management of the trade company has been investigated, taking into account the high proportion of borrowed funds in the structure of sources of financial resources and the significant impact of working capital on the financial performance of trade enterprises. The essence, functions, principles, features, the mechanism of application of functional and reproductive and structural and classification approaches to the management of working capital of trading enterprises in separate successive stages of the reproduction process have been determined. It has been substantiated the expediency of using new approaches to management with the purpose of activating the processes of formation of working capital from diversified financial sources, its investment in current assets, increase of efficiency of use in operational activities and reproduction on a capitalized basis in trade enterprises.

scholarly journals Maintenance, occupational health and safety: a systematic review of the literature

2020 ◽  
Vol 27 (2) ◽  
Author(s):  
Marcelo Fabiano Costella ◽  
Francieli Dalcanton ◽  
Scheyla Maria Cardinal ◽  
Sandra Salete Vilbert ◽  
Graciela Aparecida Pelegrini
Keyword(s):  
Systematic Review ◽  
Asset Management ◽  
Occupational Safety ◽  
Management Practices ◽  
Health And Safety ◽  
Review Of The Literature ◽  
Maintenance Strategies ◽  
Safety And Health ◽  
Conceptual Maps ◽  
Maintenance Activities

Abstract: The objective of this article is to use a systematic review of the literature to answer how the maintenance sector considers the occupational safety and health (OSH) criteria, what impacts safety has on maintenance activities, which are the most significant branches of activities in this relationship, and which phases and types of maintenance are more prone to be influenced by OSH. The articles for these studies were selected through the Capes Portal, limited to the period between 2010 to 2015. Articles selected from the Brazilian Congresses on Asset Management and Maintenance in the period from 2013 to 2015 were also used. 38 articles were selected in total for the systematic review of the literature. The results were summarized through conceptual maps and revealed that there are fundamental relationships between OSH, Maintenance and Asset Management and that maintenance has a central role to play in these relationships. It is also concluded that the impacts of safety on the maintenance activities involve all stages of the process and that the maintenance sector considers the OSH criteria as a function of the safety of the persons performing the maintenance and operating the equipment. The contributions include a discussion on the importance of maintenance and safety according to different organizational cultures, the elements considered in management practices, maintenance strategies and safety criteria.

scholarly journals The Importance of Data: Developing Smart Asset Management Framework in IoT Era

2020 ◽  
Vol 1 (1) ◽  
pp. 21
Author(s):  
Marga Gumelar*
Keyword(s):  
Information Technology ◽  
Asset Management ◽  
Inventory System ◽  
Fiscal Year ◽  
Technology Infrastructure ◽  
Management Framework ◽  
Current Asset ◽  
Long Time ◽  
The Republic ◽  
Asset Inventory

Municipal assets become hard problems that lasted a long time. In the fiscal year 2015, from total asset amount of   Rp 2,048.88 trillion, the Audit Board of the Republic of Indonesia found some problems on the audit of the local government financial report that 1,010 issues were related to asset registration. There were also 48 problems related to unknown assets and potential losses of Rp 289,281.23 million. This paper aims to develop municipal asset management framework by focusing on asset inventory system through the application of information technology. A case study is presented based on the findings of the Audit Board of the Republic of Indonesia. The result is a practical asset inventory system framework   to   improve   current   asset   inventory  performance.   The   use   of information technology can support the improvement of municipal asset management. But the tools are not enough without collaboration with employees. Since some regions in Indonesia inadequately have information technology infrastructure facilities, such as internet access and electricity network, this framework has obvious limitation.

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