Seminar - Nooshin Jabiri - Integrated Complex Asset Management (ICAM)

Wednesday, November 5, 2003, 1.10 - 1.50 pm
Civil Engineering Lecture Room 3

Abstract

Conventional Asset Management (AM) policies traditionally focus on a systematic process of maintaining, upgrading and operating physical assets cost-effectively. Consequently, they basically focus on the use of asset management in terms of productivity or technical efficiency. They essentially aim to minimise related costs in achieving particular service levels and qualities.
Nowadays, in contrast, organizations around the world transform themselves for competition that is based on market and customer dynamics. As a result, their ability to exploit physical assets has become more decisive than their ability to invest in or manage physical assets.
This view highlights the necessity of a well-established AM framework that provides a strategic insight into adopting different managerial policies and their consequences in the current dynamic environment. This will lead to a better understanding of an asset capability, how it can compete in the market and how it can satisfy the customers.
This presentation will explain research significance and objectives, confronted deficiencies, the proposed hypothesis, and the benefits of exploiting an ICAM in achieving the objectives.