Table 3 Definition of the fundamental... | Emerald Publishing

Table 3

Definition of the fundamental and means objectives

Fundamental objectives	Definition	Means objectives	Definition
Benefit	Equipment capability to contribute to the achievement of departmental objectives through its use in teaching activities, research and the provision of services, while enhancing the uniqueness of the equipment portfolio	Equipment uniqueness	Equipment characteristic that, being the only one of its kind, contributes to improving the department’s image and prevents the acquisition of redundant equipment
		Utilization	Equipment capability to contribute to the achievement of departmental objectives through its use in teaching activities, research and the provision of services
		Teaching	Equipment capability to be used in teaching and learning activities in an academic environment
		Research	Equipment capability to be used in research projects
		Service provision	Equipment capability to be used in provision of services
Cost estimation	Prediction of the future financial needs for both operational and maintenance costs. It assesses the feasibility of estimating these expenses, taking into account the available information	/	/
Risk	Assessment aimed at reducing uncertainty regarding the equipment’s ability to contribute to the department’s objectives	Supplier representation	Risk associated with the accessibility of after-sales services based on the geographical location of the supplier’s technical service
		Equipment obsolescence	Risk related to the potential loss of utility of the equipment, evaluated based on the availability of after-sales services and the age of the model being considered for acquisition
		After-sales service	Risk of not having after-sales services available or of the availability being limited in terms of duration
		Model age	Risk related to the technological obsolescence that the model may present due to its age in the market
		Utilization potential	Risk of not having the necessary resources or knowledge to fully utilize all the functionalities offered by the equipment, or not requiring them in their entirety

Fundamental objectives	Definition	Means objectives	Definition
Benefit	Equipment capability to contribute to the achievement of departmental objectives through its use in teaching activities, research and the provision of services, while enhancing the uniqueness of the equipment portfolio	Equipment uniqueness	Equipment characteristic that, being the only one of its kind, contributes to improving the department’s image and prevents the acquisition of redundant equipment
		Utilization	Equipment capability to contribute to the achievement of departmental objectives through its use in teaching activities, research and the provision of services
		Teaching	Equipment capability to be used in teaching and learning activities in an academic environment
		Research	Equipment capability to be used in research projects
		Service provision	Equipment capability to be used in provision of services
Cost estimation	Prediction of the future financial needs for both operational and maintenance costs. It assesses the feasibility of estimating these expenses, taking into account the available information	/	/
Risk	Assessment aimed at reducing uncertainty regarding the equipment’s ability to contribute to the department’s objectives	Supplier representation	Risk associated with the accessibility of after-sales services based on the geographical location of the supplier’s technical service
		Equipment obsolescence	Risk related to the potential loss of utility of the equipment, evaluated based on the availability of after-sales services and the age of the model being considered for acquisition
		After-sales service	Risk of not having after-sales services available or of the availability being limited in terms of duration
		Model age	Risk related to the technological obsolescence that the model may present due to its age in the market
		Utilization potential	Risk of not having the necessary resources or knowledge to fully utilize all the functionalities offered by the equipment, or not requiring them in their entirety

Source(s): Table created by authors