Open AccessAn IDEF0 Functional Planning Model for the Development of an Asset Management Framework: A Case Study of Chiang Mai University
Author(s) -
Achara Khamaksorn,
Acrapol Nimmolrat,
Norpah Mahat,
Orawit Thinnukool
Publication year - 2023
Publication title -
journal of construction in developing countries
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.26
H-Index - 22
eISSN - 1823-6499
pISSN - 2180-4222
DOI - 10.21315/jcdc-12-20-0249
Subject(s) - swot analysis , idef0 , analytic hierarchy process , asset (computer security) , process management , business , process (computing) , asset management , strategic planning , bachelor , computer science , engineering , operations research , systems engineering , marketing , finance , computer security , computer integrated manufacturing , operating system , history , archaeology
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 paper presents the resulting CMU AMF (AMF-CMU), the development of which contributed to prioritising and managing the university’s assets.