Khamaksorn, A; Nimmolrat, A; Mahat, N and Thinnukool, O (2023) An IDEF0 functional planning model for the development of an asset management framework: A case study of chiang mai university. Journal of Construction in Developing Countries, 28(1), pp. 133-150. ISSN 1823-6499
Abstract
Asset management (AM) focuses on the life cycle of assets and provides a systematic process for developing and maintaining an organisation’s assets using a set of asset-related planning and control activities. Chiang Mai University (CMU) is a public university in Thailand founded in 1964. The university was the first provincial university in Thailand and aims to be the university of prototyped innovation for sustainable development in communities. CMU’s AM planning process is a critical aspect of its mission to develop the university. This study developed an asset management framework (AMF) based on IDEF0 functional modelling – a modelling process that facilitates the decisions, actions and activities of an organisation or system. Moreover, the study used an analytic hierarchy process (AHP) to perform pairwise comparison, produce matrices and calculate priorities for CMU’s assets. The researchers employed a strengths, weaknesses, opportunities and threats (SWOT) analysis to evaluate the organisation’s competitive position and support its strategic planning. This study presents the resulting of CMU’s AMF (AMF-CMU), the development of which contributed to prioritising and managing the university’s assets.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | asset management; innovation; life cycle; strategic planning; sustainable development; Thailand; analytic hierarchy process; case study |
| Index terms: | life cycle, strategic planning, public university, prioritizing, asset management, modelling, case study, sustainable development, Thailand, planning process |
| Subjects: | management, analytical methods, asset management, health safety and environment, data collection methods, project controls, Geography, educational institutions, value management, decision analysis |
| Topics: | Education, Geographical Context, Business Strategy, Time Control, Health and Safety, Project Management, Engineering Principles, Research Practice, Risk Management |
| Descriptive scope: | 3 PCE |
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