TCO Evaluation in Physical Asset Management: Benefits and Limitations for Industrial Adoption

Roda, Irene; Garetti, Marco

doi:10.1007/978-3-662-44733-8_27

Cited by 13 publications

(12 citation statements)

References 15 publications

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“…In addition, current research [34] identifies industrial practice as the most important source for learning about cost reduction projects. For further industry collaboration we consider discrete manufacturing as a research reference due to its 1) distinct product development cycles and 2) demand for cost-effective product development [1].…”

Section: Methodsmentioning

confidence: 99%

“…This is especially important for industries such as the process industry or discrete manufacturing industry, as production requires capital-intensive assets and markets are highly competitive; thus, cost effectiveness is a major driver of success [1]. In such an economic environment, it is essential to have a clear overview of product costs.…”

Section: Introductionmentioning

confidence: 99%

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Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages

Walter

Leyh

Strahringer

2017

CSIMQ

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Abstract. While theoretical concepts for product-costing methodologies have evolved over the decades, little emphasis has been placed on their integration into modern information systems. During a co-innovation workshop at SAP SE, we initiated our collaborative research with selected large-scale enterprises from the discrete manufacturing industry. Moreover, we conducted interviews with business experts to gain a sophisticated understanding of the cost-optimization process itself. As a result, we present an exemplary optimization process with an emphasis on the specific characteristics of the product development stage. Based upon this example, we identified associated deficits in information system support. No current software fulfills the enterprises' requirements regarding cost optimization in the early stages of a product's life cycle. Thus, the respective processes lack integration in corporate environments. Taking this on, our article compiles detailed problem identification and, moreover, suggests approaches to overcome these hurdles.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages

Walter

Leyh

Strahringer

2017

CSIMQ

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“…At the end of the asset lifecycle (EoL), the main decision is related to the selection of decommissioning strategies. For more insights into the asset-related decisions model, refer to [13].…”

Section: Framework For Asset Management Risk Sourcesmentioning

confidence: 99%

Risk Sources Affecting the Asset Management Decision-Making Process in Manufacturing: A Systematic Review of the Literature

Polenghi

Roda

Macchi

et al. 2019

IFIP Advances in Information and Communication Technology

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Asset Management (AM) is promising for value creation from assets in the long term. A major concern to this end relates with the capabilities to achieve effective AM decision-making at every organizational level, i.e. operational, tactical, and strategical. Therefore, the goal of this research, grounded on a systematic literature review, is to identify which are the main sources of uncertainty that may influence the achievement of AM system related objectives and, as such, should be taken into consideration in a risk-informed decision-making process. Taking the manufacturing sector as reference, the risk sources addressed by the extant literature are identified and mapped against a reference classification scheme. As a result, the research offers a comprehensive framework where risk sources, affecting the AM decision-making process, are systematically mapped. Information management is found to be the main risk source when making asset-related decisions.

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“…The adoption of life cycle orientation in decision-making means that the AM process should incorporate long-term objectives and performances to drive decisionmaking. Supporting tools can be adopted by the company to aid the achievement of this 27,28 . Moreover, given that the three stages of the life cycle of the assets -BOL, MOL, EOLdiffer in the scope of decisions, different organizational functions need to collaborate in the AM process, covering all organization's hierarchical levels 20 .…”

Section: Figure 2 Framework For Embedding Am In Production Companiesmentioning

confidence: 99%

A Framework to Embed Asset Management in Production Companies

Roda

Macchi

2019

Value Based and Intelligent Asset Management

Self Cite

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The aim of this paper 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 identifiedthe asset life cycle and the hierarchical level of the asset-control activitiesand four founding principleslife cycle, system, risk and asset-centric orientationas 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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TCO Evaluation in Physical Asset Management: Benefits and Limitations for Industrial Adoption

Cited by 13 publications

References 15 publications

Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages

Knocking on Industry’s Door: Needs in Product-Cost Optimization in the Early Product Life Cycle Stages

Risk Sources Affecting the Asset Management Decision-Making Process in Manufacturing: A Systematic Review of the Literature

A Framework to Embed Asset Management in Production Companies

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