Annotated Bibliography: Asset Management Strategies in Transportation

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Assessment Title: MNG92100-2019-1 Strategic Asset
Management on Transport Industry - Assignment -1 -
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MNG92100 Page | 1

Table of Contents
Introduction......................................................................................................................................3
Journal Article 1...........................................................................................................................4
Journal Article 2...........................................................................................................................5
Journal Article 3...........................................................................................................................6
Journal Article 4...........................................................................................................................7
Journal Article 5...........................................................................................................................8
Journal Article 6...........................................................................................................................9
Journal Article 7.........................................................................................................................10
Journal Article 8.........................................................................................................................11
Journal Article 9.........................................................................................................................12
Journal Article 10.......................................................................................................................13
Journal Article 11.......................................................................................................................14
Journal Article 12.......................................................................................................................15
Conclusion.....................................................................................................................................16
References......................................................................................................................................17
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“Asset Management Strategy for the Transport Industry”
Introduction
This report focuses on the Transport industry and its strategies for managing the assets for
conducting business activities in an effective and efficient manner. It focuses on providing
various details related to the various literature and its findings. In this report, various articles are
attached that depicts the views of the various authors in managing the assets of the company
dealing in Transport. The strategies for managing the assets have been developed so as to
provide a sustainability approach for the management of the facilities of the Transport. This
report’s main objective is to support effective strategies for enhancing communication and its
networks. The effective use of resources assists in providing sustainable use of the networks for a
long period of time. For efficient maintenance level, there should be effective control over the
risk of operations so as to maximize the returns of the company.
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Journal Article 1
Borthwick, F and McMann, O 2017, ‘Challenges and prospects of applying asset
management principles to highway maintenance: A case study of the UK, Transportation
Research Part A: Policy and Practice, Vol. 97, pp. 231-243. https://www-sciencedirect-
com.ezproxy.scu.edu.au/science/article/pii/S096585641730023X
In accordance with the author of this article, the asset management strategy is a challenging
activity for the makers of the decisions so as to classify the different level of accuracy. The
process and tools are based on the process of making decisions based on Asset Management
Principles so as to bring efficiency and transparency while maintaining the highways. The main
focus of the author of this article is to improve the inclusive of the asset management principles
for the maintenance of the highways by effectively uses the data related to the assets. In this, the
author highly recommended that the agency of the highway issue appropriate guidelines for
implementing the policy of asset management. From this article, the author concludes that for the
management of the asset it is important to maintain the effectiveness of the highways with
efficiency measures. The policy of asset management in the transport industry covers the whole
physical assets of lifecycle so as to provide improved accountability by enhancing customer
services. It is important for the highway department to maintain the discipline for improving the
current practices for maintaining the highways.
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Journal Article 2
Merkert, R, Mulley, C, and Hakim, MM, 2018, ‘Trade-offs between transaction cost,
operation cost and innovation in the context of procurement and asset specificity–The
example of the bus industry’, Research in Transportation Economics, Vol. 69, pp.173-179.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S0739885917302834
For governing the structures of the public transport it is important to regulate the bus contracts
for the procurement of the assets which involves the improvement of the cost trade-offs with the
procurement of the buses in the competitive environment with the help of the transaction cost
economics. In this article, the author main aim with the asset management strategy is to impose
the governance structure which suggests the specificity of the high asset with the use of the
conventional buses. While managing the cost the author analyses the operating firms of buses for
providing the investment to provide support for this research.
The author investigates the buses specificity and structure of the governance for operating the
buses system effectively and efficiently. The main aim of this analysis is to reveal the regulation
of the government while the procurement of the buses for the achievement of the greater
standardization. This evaluation for the attribution of the transaction cost assist in maintains the
governance structure and the intervention that is not required in the context of the transport
industries.
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Journal Article 3
Read, GJ, Naweed, A and Salmon, PM, 2019, ‘Complexity on the rails: A systems-based
approach to understanding safety management in rail transport, Reliability Engineering &
System Safety https://www-sciencedirectcom.ezproxy.scu.edu.au/science/article/pii/
S0951832018311773
Railway industries related to transport is of complex nature that assists in understanding the
management of risk and safety. The author of this research depicts the method that is involved in
the development of the model of the control structure in rail transport in Australia. The
identification involves the management of the safety that comprises maintaining safety by
involving experts. In this study, the author contributes to applying the system model effectively
and efficiently to the whole rail transport sociotechnical system. With the study of this article, it
demonstrates the structure model that identifies the improvement of the safety management that
focuses on the development process. This approach of the author assists invalidation and
development for the management of safety while traveling with railways. For effective rail
industries, the bodies make the decisions effectively and efficient by maintaining the assets. With
the effective policies, it supports the employees of the railways those who involved in the
process of change management. The author aim with this article is to identify the model of safety
management in the rail transport system in Australia.
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Journal Article 4
Ha, MH, Yang, Z and Lam, JSL 2019,’ Port performance in container transport logistics:
A multi-stakeholder perspective’, Transport Policy, 73, pp.25-40. https://www-sciencedirect-
com.ezproxy.scu.edu.au/science/article/pii/S0967070X17307412
In accordance with the author of this article, it studies the port performance in regards to the
container transport logistics by considering the stakeholders of a different port. The main aim of
this study is to develop the measurement with the help of the managerial eyesight. This analysis
assists the managers and makers of the policy to cover the different objectives for the better
functioning of business management in the field of the transport industry. For the transport
logistics industry, it becomes to effectively manage their assets with the implementation of the
effective policies and procedures in this context. For this purpose, various firms are collaborating
with the other firms dealing in the same field so as to make the backbone of the transport
industry more strong. This study adopts the port performance principles of managing the assets.
This study granted an instrument for measuring the performance of the stakeholders in managing
the assets by forming stakeholder management strategies. It considers both the qualitative and
quantitative factors that support in determining the service satisfactory.
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Journal Article 5
Dadsena, KK, Sarmah, SP, Naikan, VNA and Jena, SK 2019, ’ Optimal budget allocation
for risk mitigation strategy in trucking industry: an integrated approach ’, Transportation
Research Part a: Policy and Practice, Vol. 121, pp.37-55. https://www-sciencedirect-
com.ezproxy.scu.edu.au/science/article/pii/S0965856418307316
This article mainly focuses on the implementation of the risk management strategies over
managing the asset in the transport industries. The trucking industry plays an effective and
efficient role in the transportation of goods in different places. Further, the author focus on the
effective process of making designs and risk implementation strategies by considering the factor
of budget. This study consists of the benefits of the risk-reducing strategies and its contribution
in all over the asset management of the company. It also provides guidelines that highlight the
main factors that assist in the selection of the policies. Managing the risk in the transport industry
is always beneficial for the trucking and transport industries. According to the author, the result
of this research assist the managers to understand the impact of the allocation of the budget and
mitigation of the risk in the transport sector.
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Journal Article 6
Yu, S, Yang, Z & Zhang, W 2019,’ Differential pricing strategies of air freight transport
carriers in the spot market, Journal of Air Transport Management, Vol. 75, pp. 9-15.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S0969699718302734
In accordance with the author of this article is to reflect different changes in the demand in
response to the cargo space prices at different period of sales. In accordance with the author
views, it becomes an obstacle for increasing the freight at air. This research conducts an analysis
of the pricing strategies for the freight carriers of the air transport that are operating in the same
segment. The author of this article concludes that for earning more revenues it is important to
optimally utilize the strategy of price management. According to the view of the revenue
management, it is important to sell the particular number of the products at the proper process so
as to increase the sales revenue. With setting out various ticket prices as per the booking time of
the passengers by providing bigger discounts to the passengers for increasing the sales in the
field of transport. This study focused on the problems related to the overbooking, forecasting,
pricing and space control. For generating the revenue it is important their will effective and
efficient pricing for providing innovative strategies in the industry of air freight.
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Journal Article 7
Hilton, S, Sabatini, R, Gardi, A., Ogawa, H and Teofilatto, P 2019,’ Space traffic
management: towards safe and unsegregated space transport operations’, Progress in
Aerospace Sciences. https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/
S0376042118301660
In this article, the author research includes the introduction of various space vehicles concepts
for enhancing chartered opportunities in the industry of transport. For transport operations, it is
important to accept the safety level for providing advanced communication. For requiring the
development of the planning process various decisions support tools are used for advanced
communication. For facing the challenges and the opportunities it is important to manage the
atmospheric air transport. In this, the author suggests the applicability of the future commercial
system for space transport. With the evolution of the regulatory framework, it requires effective
operational procedures for facilitating the new entrance platforms. In this the author using the
traditional approach that operates in the severe environment by using the significant platform.
For managing the assets of the company the company uses effective strategies to lower the
impact of false alarms. With the help of the current guideline, it requires continuous efforts for
the implementation of the standards of the transport operation in space. In this, the author
suggests current standards for the development of the infrastructure of the transport.
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Journal Article 8
Vanoutrive, T, 2019, ‘Commuting, spatial mismatch, and Transport Demand
Management: The case of gateways. Case Studies on Transport Policy’. https://www-
sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S2213624X1830107X
In this article the structure and location it leads towards the patterns of commuting patterns for
resolving the concerned problems. In this, the author assists in improving the gateways
accessibility for the measurement of the mobility of the employees. The main point of discussion
by the author for promoting the conditions of traffic that are dangerous for the life of the people
and also impact the transport system. In this, the author assists in handling the strategies for
managing the asset for dealing with the problems related to the residential areas and job engines.
In this author uses modes that pollute the environment. It includes the employer provides
services of buses, cyclist and carpool databases. With the development of transport and its
related policies, it supports reducing emissions. With the development of the plans related to the
transport for the overall development of the transport policies. For the essential functioning of
the transport system, it is important for the respective authorities to formulate the strategies for
the better functioning of the transport system. In this article, the author suggests various ways to
concentrate and improve the transport system.
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Journal Article 9
Atombo, C, Wu, C, Tettehfio, EO, Nyamuame, GY and Agbo, AA, 2017, ‘Safety and health
perceptions in work-related transport activities in ghanaian industries’, Safety and health
at work, Vol. 8, no.2, pp.175-182.
https://www-sciencedirect-com.ezproxy.scu.edu.au/science/article/pii/S2093791116302268
In this article, the author depicts the matter related to occupational safety and health and
industrialization which becomes one of the imperative issues for the industries as well as the
activities of the humans. With an increase in the incidents of injuries, it becomes difficult to
manage the transport system. The main aim of the author from this study is to examine the health
and safety in the work related to the activities of transport. In accordance with the author, the
result of this research shows the intervention of the asset management strategy for the
improvement of the health and safety practices that need to be implemented for the safety of the
drivers. For changing practices that are unsafe at all the level of the operations that are required
for managing the operation of safety.
In accordance with the author transport industries are affected by an increase in the incidence to
the place of occupation. The study shows that one-third person died every year those who are
related to transport. These accidents mainly cause while moving the vehicles, striking of the
vehicle or falling from the vehicles.
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