A Systematic Review of Value Co-Creation Models for Engineering Asset Management Collaborative Ecosystems

This study examines the importance of integrating collaborative ecosystem theory into the broadband transdisciplinary approach of Engineering Asset Management (EAM). The authors seek to contribute to moving beyond traditional organization-centric EAM approaches toward systemic, multi-actor value co-creation models. This systematic review aims to investigate existing work on value co-creation across different areas and assess whether these works can be transposed to EAM. To achieve this, a structured, systematic literature review was conducted in accordance with PRISMA guidelines, using Scopus and Web of Science as information sources. The search combined the keywords “collaborative,” “ecosystem,” “value co-creation,” and “model,” resulting in 72 peer-reviewed articles. Bibliometric analysis was performed using EndNote (version 2025.2), Excel (version 16.110.2), and VOSviewer (version JAVA 1.0), complemented by thematic analysis structured around the three research questions. The results reveal a significant increase in publications after 2021, the predominance of ecosystem and value co-creation concepts, and the existence of fragmented conceptual, governance, and analytical models. The findings confirm a persistent gap that needs to be addressed to properly integrate collaborative ecosystems and enable value co-creation in EAM, providing a structured foundation for developing an integrated ecosystem-based asset management framework in this space. By conducting a structured, systematic literature review and synthesizing conceptual, governance, and analytical models, this research consolidates fragmented knowledge and proposes an integrative perspective that positions value co-creation, multi stakeholder governance, and digital enablement as central mechanisms for enhancing ecosystem performance and sustainability in asset-intensive environments.