scholarly journals A FRAMEWORK FOR ESTABLISHING A HUMAN ASSET REGISTER FOR THE IMPROVED MANAGEMENT OF PEOPLE IN PHYSICAL ASSET MANAGEMENT

2016 ◽  
Vol 27 (4) ◽  
Author(s):  
Lara Kriege ◽  
Wyhan Jooste ◽  
PJ Vlok
Keyword(s):  
Asset Management ◽  
Physical Asset

Performance of physical asset management using the analytic hierarchy process

2019 ◽  
Vol 37 (3) ◽  
pp. 327-345 ◽  
Author(s):  
Fawzeia Abdulla Al Marzooqi ◽  
Matloub Hussain ◽  
Syed Zamberi Ahmad
Keyword(s):  
Analytic Hierarchy Process ◽  
Asset Management ◽  
Analytic Hierarchy ◽  
Content Type ◽  
Equal Importance ◽  
The Analytic Hierarchy Process ◽  
Physical Asset ◽  
The Impact ◽  
Hierarchy Process ◽  
Asset Managers

Purpose The purpose of this paper is to explore certain resources, capabilities and competencies needed to improve the performance of physical asset management (PAM). Design/methodology/approach The analytic hierarchy process (AHP) is used to select and prioritize the most appropriate factors for improving performance. A multi-criteria approach is used to analyze and compare the importance of 6 main criteria and 18 subcriteria identified from a survey of relevant literature. Findings The study revealed that not all factors are viewed as having equal importance in improving PAM performance, as three of the main factors attained greater importance among the six factors. Research limitations/implications This study explored the factors required for managing assets only within the third stage of asset lifecycle, that is, the utilization stage. It is recommended that future studies be conducted in such a way as to determine the importance of similar factors in the other stages of the asset lifecycle, or to identify new factors and add new criteria. Practical implications Knowledge of the differential impacts of the factors on the performance of PAM can impact asset managers and decision makers in their allocation of resources and focus their work on the highest-ranked rather than the lowest-ranked factors. Also, AHP used provides an effective mean for asset managers to identify priorities among decision criteria in their organization. Originality/value To date, no study has explored the impact of six combined factors on the performance of PAM. Previous studies have found that these factors each had equal importance. However, their relative ranking in practice and when they appear together have remained unrecognized.

Assessing HRO Principles for Reliable Performance in Asset-Intensive Organizations

2019 ◽  
pp. 160-181 ◽  
Author(s):  
Jan-jaap Moerman ◽  
Jan Braaksma ◽  
Leo A. M. van Dongen
Keyword(s):  
Organizational Performance ◽  
Asset Management ◽  
Industrial Revolution ◽  
New Technologies ◽  
High Reliability ◽  
Management Measures ◽  
Reliable Performance ◽  
Tightly Coupled ◽  
Physical Assets ◽  
Physical Asset

Asset-intensive organizations rely on physical assets that are expensive, complex, and have a significant impact on organizational performance. The management of such assets is essential when seeking for reliable performance in a world of increasing uncertainties. The observation that asset-intensive organizations deal with increasingly complex and tightly coupled systems and often operate in highly demanding environments may indicate that they should adopt practices from high reliability organizations (HRO) to ensure and maintain reliable performance in the fourth industrial revolution. This chapter operationalizes the HRO concept in the field of physical asset management, measures to what extent the underlying principles are recognized, and explores the relationship between the HRO principles and asset performance using a descriptive survey. Results indicated that the HRO principles are recognized and may, therefore, serve as an instrument for reliable performance when adopting new technologies. A positive relation between asset performance and the five HRO principles was identified.

scholarly journals Building a scenario based active mapping investment tool within a physical asset management framework

2014 ◽  
Vol 17 (2) ◽  
pp. 194-206
Author(s):  
Cedric Abraham Campher ◽  
PJ Vlok
Keyword(s):  
Cash Flow ◽  
Asset Management ◽  
Capital Budgeting ◽  
Stock Option ◽  
Added Value ◽  
Discounted Cash Flow ◽  
Managerial Decision ◽  
Investment Tool ◽  
Physical Asset ◽  
Option Theory

This study explores the implementation of an integrated capital budgeting visual mapping framework comprised of both Discounted Cash Flow (DCF) and Real Options Analysis (ROA) techniques. Physical asset investment decisions are based largely on rigid discounted cash flow tools which provide untimely and incomplete decisional criteria. While literature outlines the widespread use of traditional DCF techniques, it nevertheless reveals extensive limitations, including its static inflexibility and slow-to-evolve framework. ROA is a more recent valuation tool based on stock option theory. It brings into account added value found in the flexibility of managerial decision-making and uncertain conditions. This study implements a combined DCF and ROA capital budgeting tool within a Physical Asset Management (PAM) environment. The validity of the framework is realised through an industry-relevant case study presented by a South African mining company.

Physical Asset Management

2015 ◽  
Author(s):  
Nicholas Anthony John Hastings
Keyword(s):  
Asset Management ◽  
Physical Asset
Sign in / Sign up

Export Citation Format

Share Document