Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach
Proper assets management and maintenance, especially equipment in the value chain of an organization, the failure of which leads to interruptions in the system and waiting in the production line, are very vital and of special importance in "equipment-oriented" organizations, including indu...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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University North
2021-01-01
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| Series: | Tehnički Glasnik |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/381285 |
| _version_ | 1819118985734520832 |
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| author | Hassan Adshirinpour Mohammad Mehdi Movahhedi Hedieh Divsalar Shahla Sohrabi |
| author_facet | Hassan Adshirinpour Mohammad Mehdi Movahhedi Hedieh Divsalar Shahla Sohrabi |
| author_sort | Hassan Adshirinpour |
| collection | DOAJ |
| description | Proper assets management and maintenance, especially equipment in the value chain of an organization, the failure of which leads to interruptions in the system and waiting in the production line, are very vital and of special importance in "equipment-oriented" organizations, including industries such as oil, gas, petrochemicals, steel, minerals, companies involved in the production and distribution of water, electricity, etc. Usually such organizations have a constant need to create an efficient and effective life cycle in order to achieve an efficient physical asset management system. The present study aimed to investigate the physical assets management in equipment-oriented industries with the equipment life cycle management (resource-based) view in oil and gas industries with a case study in an upstream oil industry company (namely North Drilling Company). For this purpose, first 15 criteria have been obtained based on literature review and research literature for evaluating the performance of physical asset management in oil and gas companies. Then, eight of the most important performance evaluation criteria were determined based on experts’ opinions and the fuzzy Delphi method, and in the next step, these criteria were weighted using the fuzzy SWARA method. According to the results, the most important criterion is the cost of maintenance and the least important is the cost of service-support. Finally, solutions are presented in the form of practical suggestions to improve the physical asset management system in this company. |
| first_indexed | 2024-12-22T05:57:35Z |
| format | Article |
| id | doaj.art-f01b0e836be84ee1b321b1960778ed5a |
| institution | Directory Open Access Journal |
| issn | 1846-6168 1848-5588 |
| language | English |
| last_indexed | 2024-12-22T05:57:35Z |
| publishDate | 2021-01-01 |
| publisher | University North |
| record_format | Article |
| series | Tehnički Glasnik |
| spelling | doaj.art-f01b0e836be84ee1b321b1960778ed5a2022-12-21T18:36:39ZengUniversity NorthTehnički Glasnik1846-61681848-55882021-01-01153323329Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management ApproachHassan Adshirinpour0Mohammad Mehdi Movahhedi1Hedieh Divsalar2Shahla Sohrabi3Department of Industrial Management, Science and Research Branch, Islamic Azad University, Daneshgah Blvd, Simon Bulivar Blvd, Tehran, 1477893855, IranFaculty of Industrial Management, Islamic Azad University, Firoozkuh Branch, Firoozkuh, IranFaculty of Science and New Technologies, Islamic Azad University, Medical Science Branch, Shariati St, Tehran, 19395/1495, IranDepartment of Management, West Tehran Branch, Islamic Azad University, Tehran, IranProper assets management and maintenance, especially equipment in the value chain of an organization, the failure of which leads to interruptions in the system and waiting in the production line, are very vital and of special importance in "equipment-oriented" organizations, including industries such as oil, gas, petrochemicals, steel, minerals, companies involved in the production and distribution of water, electricity, etc. Usually such organizations have a constant need to create an efficient and effective life cycle in order to achieve an efficient physical asset management system. The present study aimed to investigate the physical assets management in equipment-oriented industries with the equipment life cycle management (resource-based) view in oil and gas industries with a case study in an upstream oil industry company (namely North Drilling Company). For this purpose, first 15 criteria have been obtained based on literature review and research literature for evaluating the performance of physical asset management in oil and gas companies. Then, eight of the most important performance evaluation criteria were determined based on experts’ opinions and the fuzzy Delphi method, and in the next step, these criteria were weighted using the fuzzy SWARA method. According to the results, the most important criterion is the cost of maintenance and the least important is the cost of service-support. Finally, solutions are presented in the form of practical suggestions to improve the physical asset management system in this company.https://hrcak.srce.hr/file/381285fuzzy Delphifuzzy SWARAequipment life cycleoil and gas equipment-oriented industriesphysical asset management |
| spellingShingle | Hassan Adshirinpour Mohammad Mehdi Movahhedi Hedieh Divsalar Shahla Sohrabi Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach Tehnički Glasnik fuzzy Delphi fuzzy SWARA equipment life cycle oil and gas equipment-oriented industries physical asset management |
| title | Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach |
| title_full | Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach |
| title_fullStr | Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach |
| title_full_unstemmed | Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach |
| title_short | Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach |
| title_sort | physical asset management in equipment oriented industries using the equipment life cycle management approach |
| topic | fuzzy Delphi fuzzy SWARA equipment life cycle oil and gas equipment-oriented industries physical asset management |
| url | https://hrcak.srce.hr/file/381285 |
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