Managing physical assets: a systematic review and a sustainable perspective

Georgiana Sandu, Olga Varganova and Behzad Samii

International Journal of Production Research, 2023, vol. 61, issue 19, 6652-6674

Abstract: Contemporary organisations recognise the need for Anthropocene disruptions and transform their business models, restructure their operations, and re-engineer their supply chains to attain greater sustainable objectives and a strong ESG (environmental-social-governance) proposition. Indeed, physical asset management shifted from the negative image associated with asset failure, expensive maintenance, and decommissioning to an enabler of sustainability that allows us to create and capture value from extended lifetime, renewed functions, and increased awareness. In this direction, this study follows a systematic reviewing process enabled by text analytics methods to identify the means and approaches to build a sustainable perspective for physical asset management. Our key contributions and insights are supported by statistics and key features extracted from over 2800 journal articles. We particularly emphasise the research footprint, the evolution, and research trends of the two most asset-intensive sectors (i.e. construction and energy) represented as barriers and enablers of sustainable development. Lacking a unified perspective of the field, this study proposes a conceptual framework that adopts an asset-within-a-system perspective, recognises the links between the stakeholders and holistically integrates the extracted research trends. The knowledge provided here positions physical asset management as a key resource in achieving competitive advantage in the framework of sustainable development.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00207543.2022.2126019 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:tprsxx:v:61:y:2023:i:19:p:6652-6674

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TPRS20

DOI: 10.1080/00207543.2022.2126019

Access Statistics for this article

International Journal of Production Research is currently edited by Professor A. Dolgui

More articles in International Journal of Production Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().