Supporting Asset Management Decision-Making:New value creation perspective

The current transition in value formation is forcing companies to seek new models and ways of operating and supporting their business and related investments. Therefore, the need for integrating the wider value perspective into the asset management and consequently, on asset management decision-making is increasing. Investments on engineered assets should be evaluated, selected and prioritized not only in terms of money but also with regard to sustainability, safety, quality, social acceptability and other typically intangible criteria. However, the evaluation of intangible and indirect impacts has rarely been included in the assessment up to now. This knowledge gap will be filled by this paper by proposing a preliminary framework for integrating wider value creation perspective into the asset management decision-making. It is aimed at decision-makers and intended to support decision-making on investments on engineered assets