IDEAS home Printed from https://ideas.repec.org/a/ids/ijpqma/v4y2009i5-6p730-741.html
   My bibliography  Save this article

Applicability of Six Sigma for asset management

Author

Listed:
  • Gopi Chattopadhyay
  • Vineet H. Varma

Abstract

Assets are resources having economic value that an individual, corporation or country can own or control with the expectation that it will provide benefits to the organisation for its current and future operation. Asset management is considered as 'the systematic and coordinated activities and practices through which an organisation optimally manages its assets, and their associated performance, risks and expenditures over their life cycle for the purpose of achieving its organisational strategic plan' (BSI, 2004a). Statistical tools are currently being explored by various asset intensive companies for reducing costs and risks from operational and business perspectives. Six Sigma is widely applied in the manufacturing sector by using structured problem solving approach for continual improvement. Understanding the gaps in asset performance and taking corrective and preventive measures for improvement of asset performance is extremely important for competitive advantage in the marketplace. This paper examines applicability of Six Sigma approach for ensuring effective management of physical assets.

Suggested Citation

  • Gopi Chattopadhyay & Vineet H. Varma, 2009. "Applicability of Six Sigma for asset management," International Journal of Productivity and Quality Management, Inderscience Enterprises Ltd, vol. 4(5/6), pages 730-741.
    • Handle: RePEc:ids:ijpqma:v:4:y:2009:i:5/6:p:730-741
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=25194
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    More about this item

    Keywords

    six sigma; asset management.;

    Statistics

    Access and download statistics

    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:ids:ijpqma:v:4:y:2009:i:5/6:p:730-741. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=177 .

    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.