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Development of a model linking physical asset management to sustainability performance: An empirical research
University of Maribor, Slovenia.
University of Maribor, Slovenia.
Linnaeus University, Faculty of Technology, Department of Mechanical Engineering. (Systemekonomi)ORCID iD: 0000-0001-8205-8289
University of Wollongong, Dubai.
2018 (English)In: Sustainability, ISSN 2071-1050, E-ISSN 2071-1050, Vol. 10, no 12, article id 4759Article in journal (Refereed) Published
Abstract [en]

This article is aimed at exploring the relationship between physical asset management (PAM)practices and sustainability performance. A framework of interrelated constructs was developed basedon the existing literature and consequently tested through empirical study. Survey data were collectedfrom organizations operating in six European countries (i.e., Greece, Poland, Slovakia, Slovenia,Sweden, and Turkey) and analyzed using Partial Least Squares Path Modeling (PLS-PM). The resultsoffer support for the proposed hypotheses, showing that PAM practices positively influence thesustainability performance outcomes, namely economic, environmental, and employee-related socialperformance. Overall, this study demonstrates that a PAM framework can be conceptualized byfour sub-constructs, namely physical asset risk management, physical asset performance assessment,physical asset lifecycle management, and physical asset policy and strategy. Finally, this studybrings to light some theoretical and managerial implications as well as directions for future research.The findings of the study underscore PAM areas in which managers should focus on in order tooptimize costs, performance, and risk exposures concerning the physical assets, and therefore enhancesustainability performance.

Place, publisher, year, edition, pages
China, Beijing: MDPI, 2018. Vol. 10, no 12, article id 4759
Keywords [en]
physical asset management; ISO 55001; maintenance; sustainability performance; research model; SEM—PLS
National Category
Business Administration
Research subject
Technology (byts ev till Engineering), Terotechnology
Identifiers
URN: urn:nbn:se:lnu:diva-79194DOI: 10.3390/su10124759ISI: 000455338100425Scopus ID: 2-s2.0-85058530947OAI: oai:DiVA.org:lnu-79194DiVA, id: diva2:1270567
Available from: 2018-12-13 Created: 2018-12-13 Last updated: 2019-08-29Bibliographically approved

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Al-Najjar, Basim

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