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The role of contingency factors in physical asset management: An empirical examination
University of Maribor, Slovenia.
University of Maribor, Slovenia.
Linnaeus University, Faculty of Technology, Department of Mechanical Engineering. (Systemekonomi)
University of Macedonia, Greece.
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2016 (English)In: Euromaintenance 2016 proceedings, ARTION Conferences & Events , 2016, 93-99 p.Conference paper, Published paper (Refereed)
Abstract [en]

This research presents an empirical study, which examines the role of contingency factors, i.e. uncertainty and competitiveness in relation to physical asset management (PAM) practices. The research is based on a premise that PAM, which comprises of risk management practices, performance assessment practices, life cycle management practices, policy & strategy practices, has become an indispensable element of strategic thinking of asset owners as well as maintenance and asset managers. The purpose of this study is to advance the understanding of how organizations that face high or low level of uncertainty and competitiveness respond in terms of PAM deployment.

This study employed a data set based on a large-scale survey among organizations in six European countries (i.e. Slovenia, Poland, Greece, Sweden, Turkey and Slovakia). The results show that organizations that are faced with high level of uncertainty and competitiveness are more engaged in the deployment of PAM practices. From a theoretical perspective, this study contributes to the contingency theory by providing empirical evidence whether a context-dependent approach to PAM is needed. The findings also provide insights for managers on how to respond to the competitive pressure as well as how to customize PAM practices in order to adapt to the changes in dynamic organizational environment.

Place, publisher, year, edition, pages
ARTION Conferences & Events , 2016. 93-99 p.
Keyword [en]
Physical asset management, maintenance, uncertainty, competitiveness, empirical study
National Category
Business Administration
Research subject
Technology (byts ev till Engineering), Terotechnology
Identifiers
URN: urn:nbn:se:lnu:diva-53137ISBN: 978-618-82601-0-8 (print)OAI: oai:DiVA.org:lnu-53137DiVA: diva2:934154
Conference
Euromaintenance 2016, 30 May-1 June, 2016, Athens, Greece
Available from: 2016-06-08 Created: 2016-06-08 Last updated: 2017-03-15Bibliographically approved

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http://www.euromaintenance2016.org

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf