| Title: | An analysis of physical asset management core practices and their influence on operational performance |
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| Authors: | ID Maletič, Damjan (Author)
ID Maletič, Matjaž (Author)
ID Al-Najjar, Basim (Author)
ID Gomišček, Boštjan (Author) |
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| Files: |  Maletic-2020-An_Analysis_of_Physical_Asset_Man.pdf (481,57 KB)
MD5: F886C36F440150F21E579EA10A7EC0AA
 https://doi.org/10.3390/su12219097
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | FOV - Faculty of Organizational Sciences in Kranj
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| Abstract: | The commitment of organisations to physical assets management (PAM) has recently received considerable attention in theory and practice. Indeed, PAM plays a key role in asset-intensive organizations and is also considered as a principal actor within Industry 4.0. Therefore, this paper aims to examine the PAM core practices and the performance implications of integrating these practices into business, in particular by assessing their impact on operational performance. Survey data were collected from managers in 138 international and local organisations. The data was analysed using Partial Least Squares Path Modeling (PLS-PM). The study validates the second-order construct consisting of PAM latent variables, namely Strategy and Planning, Risk management, Lifecycle Delivery, Asset Information, and Asset Review. The results have shown that PAM core practices directly influence operational performance. This paper is a response to recent calls for empirical studies on the organisational approaches that can increase the success of organisations. |
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| Keywords: | physical asset management, operational performance, ISO 55001, PLS-PM |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Submitted for review: | 25.09.2020 |
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| Article acceptance date: | 28.10.2020 |
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| Publication date: | 31.10.2020 |
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| Publisher: | MDPI |
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| Year of publishing: | 2020 |
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| Number of pages: | Str. 1-20 |
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| Numbering: | Letn. 12, št. 21, št. članka 9097 |
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| PID: | 20.500.12556/DKUM-91718  |
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| UDC: | 658.5 |
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| ISSN on article: | 2071-1050 |
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| COBISS.SI-ID: | 35146243 |
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| DOI: | 10.3390/su12219097 |
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| Publication date in DKUM: | 30.01.2025 |
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| Views: | 298 |
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| Downloads: | 20 |
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| Metadata: |    |
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| Categories: | Misc.
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