Mapping the research approach of asset management studies in the petroleum industry

Abstract

Purpose The purpose of this paper is to study the current research approaches in asset management (AM), to evaluate some of the prevalent research methods in AM studies and to summarize the result into a building-block research that may provide design guidelines in AM studies. Design/methodology/approach AM publications were selected for this study using by online search engines and the publications were classified based on the appropriate research approaches. The results will be discussed and a suitable building-block research for AM studies will be constructed based on the identified research approaches. Findings The paper identifies, analyses and validates the research approaches found in a sample of online AM publications. The research-approaches and their associated methods will be discussed to develop understanding of the context of these approaches in AM research. Research limitations/implications The paper limits the study in publications within the AM field in the petroleum industry. However, the research methods that are presented covers the most common research methods found in publications. Thus, although the sample of publications may not represent the entire population, the same approach and result can be used in similar topics and conditions. Originality/value Researchers or practitioners can benefit from the building blocks of research to develop a research design for AM studies. Moreover, the paper also provides information on common research methods and data gathering techniques that can be used for similar studies.

A framework to embed Asset Management in production companies

“…The methodology used in this research was designed based on the works on research methods in AM by El-Akruti and Dwight 10 and Kusumawardhani et al 11 In particular, the retroductive research strategy was selected in accordance with the research's objective ( Figure 1).…”

“…10 Testing the relevance of the postulated model can be done through case study methods. In fact, as stated in the literature, 10,11 due to the multi-disciplinary nature of AM research, the non-experimental and quasi-experimental methods (like case study) are the most suitable. Case study allows exploring evidences and testing the relevance of the postulated framework and model according to the retroductive approach’s objective.…”

Development of asset management model using real-time equipment monitoring (RTEM): case study of an industrial company

“…Considering the challenges faced, it was noted from the literature that these problems seem to be common problems and not peculiar to this organization when it comes to asset management. (Kusumawardhani et al, 2017;Kusumawardhani & Markeset, 2015;Elehinafe et al, 2019;Rahimi et al, 2017).…”

Development of strategic asset management planning in the petroleum industry

“…Balancing the AIM areas of an offshore production installation Thus, in this study, AIM will be defined as: "the development, execution and evaluation of a coordinated plan together with managerial control and organizational activities, to ensure that the physical asset is carrying out its intended performances in a safe, effective and efficient manner over its entire lifecycle, in order to achieve the organizational objectives". (Kusumawardhani et al, 2016)…”