Critical Reflections on the Concept of Maintenance

Simple item page
dc.contributor.authorLind, Hans
dc.contributor.authorMuyingo, Henry
dc.date.accessioned2023-02-15T19:45:34Z
dc.date.available2023-02-15T19:45:34Z
dc.date.issued2012
dc.description.abstractThe purpose of the paper is to critically evaluate the conceptual distinction between investment and maintenance. The study starts from a number of definitions in the literature and discusses these from the perspective of standard investment theory. The article argues that the standard concept of investment covers all relevant decisions and also puts the focus on the future consequences of decision and not whether it restores an earlier standard or not. The research implications are that investment and maintenance planning need to be analysed together and that the distinction between investment and maintenance is uninteresting from a decision theoretic and resource allocation perspective. The practical implications of the article are that what usually is called investment planning and maintenance planning need to be integrated. The originality in the paper lies primarily in the questioning of the usefulness of the concept of maintenance in a dynamic age where the relation to earlier characteristics and functions becomes less and less interesting. The role of the maintenance concept is now primarily related to various administrative systems (accounting, taxation) but is not so relevant from a forward looking resource allocation perspective.en_US
dc.identifier.citationLind, H., & Muyingo, H. (2012). Critical reflections on the concept of maintenance. International Journal of Strategic Property Management, 16(2), 105-114.https://doi.org/10.3846/1648715X.2011.626463en_US
dc.identifier.issn1648-9179
dc.identifier.urihttps://nru.uncst.go.ug/handle/123456789/7814
dc.language.isoenen_US
dc.publisherInternational Journal of Strategic Property Managementen_US
dc.subjectMaintenanceen_US
dc.subjectInvestmenten_US
dc.subjectAccountingen_US
dc.subjectReal estateen_US
dc.titleCritical Reflections on the Concept of Maintenanceen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Critical reflections on the concept of maintenance.pdf
Size:
851.37 KB
Format:
Adobe Portable Document Format
Description:
Critical reflections on the concept of maintenance
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Social Sciences