Maintenance- and Strategic Physical Asset Management: Morphologies of Two Connate Concepts

Oliver Schmiedbauer, Hans Maier, Florian Kaiser, Hubert Biedermann

Research output: Chapter in Book/Report/Conference proceedingConference contribution


This paper aims to examine the relationships and delimitations between maintenance management (MM) and physical asset management (AM) concepts. There are several standards, e.g., ISO 5000*, DIN 31015, and DIN EN 13306, which define the basic terms connected to maintenance and asset management. However, they lack a clear differentiation between the two terms, and in the scientific literature, they are often used interchangeably. To gather an in-depth understanding of the usage of the two terms, a literature review (LR) was conducted based on different search strings around MM and AM. Using the principles of Design Science Research (DSR), a model was created to describe the morphologies of companies on the spectrum from MM to AM. For validation, data from assessment- and optimization projects with Austrian and German industrial companies in the fields of MM and AM was used. The results are a proposal for a differentiation scheme by the authors and a classification method that helps to understand the differences between MM and AM.
Translated title of the contributionInstandhaltungs- und strategisches Asset Management: Morphologien zweier verwandter Konzepte
Original languageEnglish
Title of host publication Proceedings on 18th International Conference on Industrial Systems – IS’20
Subtitle of host publicationIndustrial Innovation in Digital Age
PublisherSpringer Cham
Number of pages8
ISBN (Electronic)978-3-030-97947-8
ISBN (Print)978-3-030-97946-1
Publication statusPublished - 24 May 2022

Cite this