Asset Management System design for electric utilities in developing economics; a case of Pakistan
Master of Business Administration Executive
Faculty / School
School of Business Studies (SBS)
Department of Management
Year of Award
Dr. Mohammad Kamran Mumtaz, Assistant Professor, Department of Management
MBA Executive Research Project
Asset Management, Sustainable System Design, Developing Economies, Preventive Maintenance, Condition-Based Preventive Maintenance, Barriers, Implementation, Case Study, Change Management
Reliable access to electricity is crucial for economic development and social progress, and inefficient asset management practices can exacerbate the challenge of providing reliable electricity, particularly in developing countries. With an inherent notion of sustainability, this study aims to develop a comprehensive asset management system (AMS) design for electric utilities, as asset management in developing economies is a largely unexplored topic in the literature. Following a thorough literature review and a survey and case study of a selected utility in Pakistan, the study finds that implementing an effective AMS can benefit electric utilities in terms of improved asset reliability, increased operational efficiency, and better decision-making. The recommended end-to-end framework for developing an AMS involves asset condition assessment, maintenance scheduling, scalable technology, data-driven analytics, organizational alignments, and performance monitoring and feedback. The study also suggests that electric utilities should adopt a proactive and systematic asset management approach, involving regular monitoring & evaluation, risk-based maintenance, and effective asset replacement strategies. However, the study identifies several challenges to the implementation of an effective AMS in developing economies, including limited financial resources, inadequate data, and information systems, and a lack of skilled personnel. Therefore, the study recommends a piecemeal approach to implementing asset management in developing electric utilities while considering organizational interdependence and challenges. The study's limitations include small sample sizes for the survey and case study, which may limit the generalizability of the results. Aligning with the theme of ‘Sustainability & Developing Countries’, the study's framework can be useful for electric utilities to design and implement an effective AMS, which can ultimately improve service quality and enhance the quality of life for people in developing economies.
Yar, M. (2023). Asset Management System design for electric utilities in developing economics; a case of Pakistan (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-emba/562
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