A framework for physical asset risk management in the Sri Lankan clothing industry

Author(s):  
Thatshayini Premanathan ◽  
Tharindu Lakruwan Wickremanayake Karunaratne ◽  
Damitha Rajini
Author(s):  
Thatshayini Premanathan ◽  
Damitha Rajini ◽  
Tharindu Lakruwan Wickremanayake Karunaratne

2020 ◽  
Vol 24 (3) ◽  
pp. 50
Author(s):  
Damjan Maletič ◽  
Hana Pačaiová ◽  
Anna Nagyová ◽  
Matjaž Maletič

<p><strong>Purpose: </strong>The purpose of this paper is to examine risk management practices and their impact on performance. Specifically, the study aimed to examine risk management practices as part of physical asset management and their impact on maintenance management and its performance.</p><p><strong>Methodology/Approach: </strong>The empirical data were obtained from 76 manufacturing companies. Partial Least Squares Path Modeling (PLS-PM) was applied to evaluate the measurement and structural model.</p><p><strong>Findings: </strong>The results emphasized the importance of integrating risk management practices into asset management processes in order to improve performance outcomes.</p><p><strong>Research Limitation/Implication: </strong>This study contributes to a better understanding of how companies could achieve higher performance results by implementing risk management practices. The results of this study can help managers identify key asset risk management practices. Despite the important implications that can be derived from this study, further research that would extend the model to include additional performance measures and/or asset management dimensions would be of great importance.</p><strong>Originality/Value of paper: </strong>By analyzing the interrelationships between asset risk management practices and their direct and indirect effects on maintenance performance, the study provides important insights for the development of strategies to promote the novel and important discipline of asset management.


2015 ◽  
Vol 30 (2) ◽  
pp. 286-309 ◽  
Author(s):  
Vivian Y. Choi

In 2004, a tsunami caused unprecedented damage and destruction in the Indian Ocean region. For Sri Lanka, the second-most affected country, with over thirty-thousand deaths and five-hundred-thousand displaced, the tsunami resulted in the introduction of new disaster management institutions, logics, and technologies. The formation and implementation of these new institutions, logics, and technologies must be understood alongside a human-made disaster: the decades-long civil war between the Sri Lankan government and the militant insurgent group of the Liberation Tigers of Tamil Eelam (LTTE). I outline the ways that the tsunami opened the door for national and social restructuring in Sri Lanka: the devastation of the tsunami and the logics of disaster risk management that followed it offered a political opening for new techniques of state power and projects of nation-building—a process I call disaster nationalism. This governmentality of disaster risk management plays out through an anticipation of disasters, in which disasters, both natural and human-made, are ever-possible future threats that justify ongoing practices and technologies of securitization. Yet state attempts to control the future remain in constant tension with the attitudes and opinions of people who have been affected by both the tsunami and war. These collective relations, practices, and structures of feelings are what I refer to as anticipatory states. From the calculative risk management projects of the Sri Lankan state to the everyday state of being ready and aware in the spaces of disaster, anticipation weaves into and out of experiences and encounters, its different forms and possibilities shaped by complexly layered histories and landscapes of disaster and violence, and, even, forces beyond the control of the anticipatory state.


Author(s):  
Carole Bernard ◽  
Olivier Le Courtois
Keyword(s):  

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