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21 – 30 of over 18000Muhammad Hasbi Hanis, Bambang Trigunarsyah and Connie Susilawati
The purpose of this paper is to identify the challenges faced by local government in Indonesia when adopting a public asset management framework.
Abstract
Purpose
The purpose of this paper is to identify the challenges faced by local government in Indonesia when adopting a public asset management framework.
Design/methodology/approach
A case study within the South Sulawesi provincial government was used as the approach to achieve the research objective. The case study involved two data collection techniques – interviews and document analysis.
Findings
The result of the study indicates there are significant challenges that the Indonesian local government need to manage when adopting a public asset management framework. Those challenges are: the absence of an institutional and legal framework to support the asset management application; the non‐profit principle of public assets; multiple jurisdictions involved in the public asset management processes; the complexity of local government objectives; the non‐availability of data for managing public property; and limited human resources.
Research limitations/implications
This research is limited to one case study. It is a preliminary study from larger research that uses multiple case studies. The main research also investigates opportunities for local government by adopting and implementing public asset management.
Originality/value
The paper's findings provide useful input for the policy makers, academics and asset management practitioners in Indonesia to establish a public asset management framework resulting in efficient and effective organizations, as well as an increase of public services quality. This study has a potential application in other developing countries.
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Research in the late 1980s showed that in many corporate real estates users were not fully aware of the full extent of their property holdings. In many cases, not only was the…
Abstract
Research in the late 1980s showed that in many corporate real estates users were not fully aware of the full extent of their property holdings. In many cases, not only was the value of the holdings unknown, but there was uncertainty over the actual extent of ownership within the portfolio. This resulted in a large number of corporate occupiers reviewing their property holdings during the 1990s, initially to create a definitive asset register, but also to benefit from more efficient use of space. Good management of corporately owned property assets is of equal importance to the management of other principal resources within the company. A comprehensive asset register can be seen as the first step towards a rational property audit. For the effective, efficient and economic delivery of services, it is vital that all property holdings are utilised to the best advantage. This requires that the property provider and the property user are both fully conversant with the value of the property holding and that an asset/internal rent/charge is made accordingly. The advantages of internal rent charging are twofold. First, it requires the occupying department to ‘contribute’ an amount to the business equivalent to the open market rental value of the space that it occupies. This prevents the treating of space as a free good and, as an individual profit centre, each department will then rationalise its holdings to minimise its costs. The second advantage is from a strategic viewpoint: by charging an asset rent, the holding department can identify the performance of its real estate holdings. This can then be compared to an internal or external benchmark to help determine whether the company has adopted the most efficient tenure pattern for its properties. rents by UK‐based corporate businesses and explains internal rents as a form of transfer pricing in the context of management and responsibility accounting. The research finds that the majority of charging organisations introduced internal rents primarily to help calculate true profits at the business unit level. However, less than 10 per cent of the charging organisations introduced internal rents primarily to capture the return on assets within the business. There was also a sizeable element of the market who had no plans to introduce internal rents. Here, it appears that, despite academic and professional views that internal rents are beneficial in improving the efficient use of property, opinion at the business and operational level has not universally accepted this proposition. This paper investigates the use of internal
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Nik Abdul Rahim Nik Abdul Ghani, Ahmad Dahlan Salleh, Amir Fazlim Jusoh @ Yusoff, Mat Noor Mat Zain, Salmy Edawati Yaacob, Azlin Alisa Ahmad and Muhammad Yusuf Saleem
This paper critically aims to examine the concept of beneficial ownership and its application in musharakah-based home financing.
Abstract
Purpose
This paper critically aims to examine the concept of beneficial ownership and its application in musharakah-based home financing.
Design/methodology/approach
The study applies the method of juristic interpretation in analyzing the meaning of beneficial ownership in legal documentation of musharakah-based home financing. This qualitative study uses content analysis approach that investigates the works of Islamic scholars on the concept of ownership and evaluates the concept of beneficial ownership in musharakah-based home financing from the Islamic perspective.
Findings
The result finds that beneficial ownership is considered a true ownership, as Shari’ah allows the transfer of ownership based on the offer and acceptance in a contract. Furthermore, the absence of legal registration does not mean the absence of true ownership, whereas all documentations and agreements have clearly stated rights and liabilities of each contracting parties.
Originality/value
This paper provides a fiqhi discussion of analyzing beneficial ownership in musharakah-based home financing. It shows that Shari’ah parameters are essential for the use of beneficial ownership to ensure its compliance with the Shari’ah requirements of milkiyyah (ownership).
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Reviews the growth in importance of planned maintenance programming(PMP). Sets out the aims of computerising PMP at strategic and detailedlevels. Provides a detailed analysis of…
Abstract
Reviews the growth in importance of planned maintenance programming (PMP). Sets out the aims of computerising PMP at strategic and detailed levels. Provides a detailed analysis of successful systems characteristics. Lists considerations to be borne in mind and questions to ask before purchasing a system. Concludes that although the potential benefits of computerised PMP are great, careful consideration of the objectives and options is vital.
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Considers the possible overall effects of the current review of localgovernment in Britain on the management of the property assets of localauthorities. Draws attention to the…
Abstract
Considers the possible overall effects of the current review of local government in Britain on the management of the property assets of local authorities. Draws attention to the present highly uncertain situation, but assumes that reorganization will occur in some form. Considers the ways in which the managers of these property assets may have to adapt, and suggests that while the review may well present several threats, there will be some countervailing opportunities for a more effective strategic use of the property asset.
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Zeeshan Aziz, Zainab Riaz and Muhammad Arslan
Effective management of highways requires management of diverse data sets including traffic volume data, roadway, and road edge and road-side data. Like all major infrastructure…
Abstract
Purpose
Effective management of highways requires management of diverse data sets including traffic volume data, roadway, and road edge and road-side data. Like all major infrastructure clients, highways administration authorities are under pressure to use such platforms for better management of data that, in addition to creating other opportunities, allows improved life cycle management of asset data and predictive analytics. This paper aims to review such opportunities and the value that can be generated through integrated life cycle data management by leveraging Big Data and building information modelling (BIM).
Design/methodology/approach
A literature review is initially performed to systematically gather information to identify and understand BIM as a collaborative platform. Data management applications in other industries are also reviewed. Interviews were conducted and two industry workshops were organised to understand BIM implementation challenges within highways development projects and the role BIM can play in bridging inefficiencies resulting from loss of information at handover phases. The overall understanding lead to drawing up user needs, gathering system requirements and eventually a system architecture design to promote efficient information management throughout the asset lifecycle.
Findings
It is observed that data from the design and construction phases of projects can be used to inform asset registers from an earlier stage. This information can be used to plan maintenance schedules. Moreover, it can also be integrated with data generated from numerous other sensors to develop a better picture of network operations and support key decision-making. Effective road network management involves collection and analysis of huge data from a variety of sources including sensors, mobiles, assets and Open Data. Recent growth in Big Data analytics and data integration technologies provides new opportunities to optimise operations of highways infrastructure.
Research limitations/implications
The system architecture designed for this research is translated into a prototype system as a proof of concept. However, it needs to be tested and validated by end users to be transformed into a useful solution for the industry.
Originality/value
This paper provides an enhanced understanding of new opportunities created to optimise operations of highways infrastructure using the recent growth in Big Data analytics and data integration technologies.
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Norliza Katuk, Norazlina Abd Wahab and Nur Syaedah Kamis
This paper aims to collect evidence on the issues and challenges in cryptocurrency estate planning and the possible approaches or methods to address them. Then, this paper also…
Abstract
Purpose
This paper aims to collect evidence on the issues and challenges in cryptocurrency estate planning and the possible approaches or methods to address them. Then, this paper also aims to understand Malaysia’s situation compared to global situations and determine how the country could address those challenges.
Design/methodology/approach
This study adapted a standard systematic review protocol named preferred reporting items for systematic reviews and meta-analyses, guided by three research questions: what are the challenges of cryptocurrency estate planning, how do researchers and practitioners address the issues or challenges and how could Malaysians move towards sustainable cryptocurrency estate planning? Relevant documents reported on cryptocurrency estate planning were analysed using thematic analysis.
Findings
The results of this review suggested that the issues and challenges in cryptocurrency estate planning can be described from six aspects: awareness, financial aspects, law, process, security and taxation. On the other hand, the approaches or methods to address these challenges may be categorised into laws, processes and technology. Further, a framework for cryptocurrency estate planning in Malaysia is proposed as an initial step towards a sustainable economy and society in Malaysia.
Research limitations/implications
The state and the use of cryptocurrency are still considered new in most countries globally. Hence, people are yet to be aware of the issues that may arise from it. Nevertheless, cryptocurrency estate planning will soon become an area of interest in which this study could enhance the literature and contribute knowledge to understanding the situation.
Originality/value
This study collected evidence on the issues and the approaches to address cryptocurrency estate planning. This study then focused on the Malaysian perspective by proposing a framework that was not covered by existing studies.
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Malgorzata Rymarzak and Dariusz Trojanowski
The purpose of the paper is to offer insights into university asset management (AM) and describe the impact that the various determinants have on the process of university AM. The…
Abstract
Purpose
The purpose of the paper is to offer insights into university asset management (AM) and describe the impact that the various determinants have on the process of university AM. The process of university AM is influenced by a range of determinants.
Design/methodology/approach
A literature review and a case study were used to achieve the research objective. The case study involved two data collection techniques – interviews and document analysis.
Findings
Changing conditions of state-run universities, such as decreasing number of students and a tendency to increase the proportion of scientific research activities, require flexible adjustments to the size and structure of the universities’ facility base. Reductions in government grants and increasing maintenance costs of university assets have made it necessary to manage both existing and future assets more effectively to achieve measured improvement of environmental and social performance, to fulfil strategic responsibilities and to create shared value.
Research limitations/implications
The paper was limited to one practice case study. Additional cases could be studied to confirm the findings and increase the usefulness of the methodological framework and improve its application.
Practical implications
Identifying the various factors that influence the process of university AM would be useful for universities and other public building owners and their decisions-makers, such as chancellors and asset managers. The experience of the Polish market also may support the development of university or public building AM in other countries.
Originality/value
The process of optimising of university asset structure proposed in this paper can contribute to the better understanding and management of higher education institutions ' assets and to the greater competitiveness and efficiency of the Polish universities. The work is novel in that it provides insights into university AM and describes various determinants from an external (macro and micro) and internal (connected with the university itself) perspective.
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Abubakar Sadiq Mohammed, William Mark Adolwine (ESQ.) and Iddrisu Danlard
To analyze the challenges and intricacies involved in managing the physical and administrative aspects of central mosques, with a specific focus on the Kumasi Central Mosque in…
Abstract
Purpose
To analyze the challenges and intricacies involved in managing the physical and administrative aspects of central mosques, with a specific focus on the Kumasi Central Mosque in Ghana. Through this case study, the paper aims to provide insights into the unique estate management practices and design a conceptual framework that incorporates efficient estate management practices for Ghana’s central mosques.
Design/methodology/approach
The study adopted a mixed-methods approach. Structured questionnaires were used to gather the data administered to the head of the development office, maintenance workers and mosque users. The data were analyzed using descriptive methods.
Findings
The overall findings of the study indicate that the estate management practices of the mosque are having difficulties financing maintenance. Other difficulties include the type of maintenance regime, the period of planned maintenance, the lack of an asset register, the absence of insurance policies and the causes of emergency maintenance.
Practical implications
The research provides valuable insights into the management of central mosques in Ghana and offers scalable practical recommendations such as adopting a planned maintenance regime, insuring mosque facilities and implementing comprehensive recording-keeping guidelines guided by policies.
Originality/value
The paper will assist stakeholders in comprehending the most practical approach to mosque estate management practices.
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Discusses the valuation “public sector assets” comprising public parks,infrastructural assets (roads, drains, water supply, etc.), hospitals,schools, universities and the like;…
Abstract
Discusses the valuation “public sector assets” comprising public parks, infrastructural assets (roads, drains, water supply, etc.), hospitals, schools, universities and the like; and takes a passing look at the modern public sector accounting practices which appear to create a need for such valuations. The question about Cwhether or not accounting and valuation technicians and definitions which are applied to private sector profit making commercial organizations can be applied to public sector non‐profit making entities is also examined. Since, in most cases, there is no market for such assets does a valuation serve any useful purpose in any accounting, accountability or management framework? Indeed, are the utilities used by public sector organizations strictly “assets” as that term is normally understood? What “bundle of rights” attaches to such public facilities as parks and roads? To the entity responsible for the provision and maintenance of such “assets” are they not more in the nature of liabilities?
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