International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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ASSETS MANAGEMENT PRIORITIZATION: A NOVEL SHIELD UMBRELLA APPROACH

    3 Author(s):  DR. M. SURESH, DR. R. THILAGARAJ, DR. L. KAILASAM

Vol -  8, Issue- 5 ,         Page(s) : 250 - 261  (2017 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

The possessions of the various resources by the Enterprises, which are contributing to the future economic value, are necessarily to be managed efficiently and effectively for getting the optimum economic benefits. In this paper a preliminary attempt was made to identify the various resources, which satisfy more than one criterion or attribute by developing a new technique in order to manage the resources efficiently and economically. The proposed model is an extension of Pareto analysis in higher dimension. At present the identification of the important items with reference to higher value could be identified by applying the principles of Pareto Analysis. The proposed model is simple and facilitates to enclose the shield umbrella for the assets and also identify the assets which fall outside the umbrella. The mere identification of the vulnerable assets is not sufficient to get more profitability for the Enterprise.

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