IDEAS home Printed from https://ideas.repec.org/a/eee/bushor/v61y2018i4p511-519.html
   My bibliography  Save this article

Integrating lifecycle asset management in the public sector

Author

Listed:
  • Giglio, Joseph M.
  • Friar, John H.
  • Crittenden, William F.

Abstract

Lifecycle management of assets is essential for cost-effective maintenance and long-term economic viability. Properly maintained infrastructure provides significant economic advantages. Neglecting maintenance leads to lower productivity and imposes costs on users. Furthermore, delayed maintenance significantly increases total costs associated with repair or replacement. Lifecycle asset management should be used in the public sector to manage large-scale assets such as transportation infrastructure in a cost-effective manner. Yet, state governments have had little incentive to provide proactive maintenance. To address the infrastructure capital investment backlog, particularly acute in transportation, government priorities need to be coupled with long-term economic accountability. In addition, funding and financial reporting mechanisms should be created to ensure effective and efficient lifecycle asset management decisions. Public-private partnerships (PPP) also need to be fostered to help address regional deficiencies in infrastructure.

Suggested Citation

  • Giglio, Joseph M. & Friar, John H. & Crittenden, William F., 2018. "Integrating lifecycle asset management in the public sector," Business Horizons, Elsevier, vol. 61(4), pages 511-519.
  • Handle: RePEc:eee:bushor:v:61:y:2018:i:4:p:511-519
    DOI: 10.1016/j.bushor.2018.03.005
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0007681318300363
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.bushor.2018.03.005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Matheus B. Frare & Ana P. C. Clauberg & Simone Sehnem & Lucila M. S. Campos & Juliano Spuldaro, 2020. "Toward a sustainable development indicators system for small municipalities," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1148-1167, September.
    2. Pepple, Dennis & Makama, Christine & Okeke, John-Paul, 2022. "Knowledge management practices: A public sector perspective," Journal of Business Research, Elsevier, vol. 153(C), pages 509-516.
    3. Elena A. Fedchenko & Andrey V. Nikiforov & Lyubov V. Gusarova & Lyudmila M. Tsareva & Alexey A. Maximov, 2023. "Assessing the Effective Use of State Property: Accounting and Analytical Support and Analysis Methodology," IJFS, MDPI, vol. 11(3), pages 1-15, June.
    4. Rogerson Christian M. & Rogerson Jayne M., 2020. "Municipal caravan parks in South Africa: geography, management and planning," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 49(49), pages 109-124, September.
    5. Savindi Caldera & Sherif Mostafa & Cheryl Desha & Sherif Mohamed, 2021. "Exploring the Role of Digital Infrastructure Asset Management Tools for Resilient Linear Infrastructure Outcomes in Cities and Towns: A Systematic Literature Review," Sustainability, MDPI, vol. 13(21), pages 1-25, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:bushor:v:61:y:2018:i:4:p:511-519. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/bushor .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.