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A Framework to Embed Asset Management in Production Companies

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Value Based and Intelligent Asset Management
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Abstract

The aim of this chapter is to investigate how to embed Asset Management in production companies. A framework is defined based on literature analysis and focus groups findings, in which the fundamentals to guide the integration of Asset Management are systematized. Two dimensions are identified—the asset life cycle and the hierarchical level of the asset-control activities—and four founding principles—life cycle, system, risk and asset-centric orientation—as levers to integrate Asset Management within an industrial organization. An empirical investigation is then developed through multiple case-study involving eight production companies in Italy, with the purpose to map the elements of the framework against the real mechanisms in the industrial practices. This allows testing the relevance of the framework itself and demonstrating its potential as a support for companies to implement gap analysis on AM practices. Empirical evidence on current practices of AM in production companies is contextually unveiled.

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Acknowledgements

The research work was performed within the scope of TeSeM Observatory (www.tesem.net). Moreover, the research work was performed within the context of SustainOwner (“Sustainable Design and Management of Industrial Assets through Total Value and Cost of Ownership”), a project sponsored by the EU Framework Programme Horizon 2020, MSCA-RISE-2014: Marie Skłodowska-Curie Research and Innovation Staff Exchange (RISE) (grant agreement number 645733).

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Correspondence to Irene Roda .

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Roda, I., Macchi, M. (2020). A Framework to Embed Asset Management in Production Companies. In: Crespo Márquez, A., Macchi, M., Parlikad, A. (eds) Value Based and Intelligent Asset Management. Springer, Cham. https://doi.org/10.1007/978-3-030-20704-5_5

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  • DOI: https://doi.org/10.1007/978-3-030-20704-5_5

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