Physical asset management is the management of fixed or non-current assets such as equipment and plant. Physical Asset Management presents a systematic approach to the management of these assets from concept to disposal.
The general principles of physical asset management are discussed in a manner which makes them accessible to a wide audience, and covers all stages of the asset management process, including: initial business appraisal; identification of fixed asset needs; financial evaluation; logistic support analysis; life cycle costing; maintenance strategy; outsourcing; cost-benefit analysis; disposal; and renewal.
Physical Asset Management addresses the needs of existing and potential asset managers, and provides an introduction to asset management for professionals in related disciplines, such as finance. The book provides both an introduction and a convenient reference work, covering all the main areas of physical asset management.
Table of Content
to Asset Management.- The Asset Management Function.- From Concept to Project Approval.- Developing a Business Case.- Implementing Development Plans.- Management of In-Service Assets.- Asset Continuity Planning.- Capital Planning and Budget.- Discounted Cash Flow and Asset Decisions.- Profit, Depreciation and Tax.- Asset Investment Criteria.- Cost-Benefit Analysis.- Risk Analysis and Risk Management.- Logistic Support.- Life Cycle Costing.- Equipment Replacement Decisions.- Outsourcing.- Know Your Assets.- Asset Management Information Systems.- Maintenance Organization and Budget.- Reliability, Availability, Maintainability.- Inventory.- Key Performance Indicators.- PAS-55 Asset Management Specification.About the author
Nicholas Hastings is currently adjunct professor at the Queensland University of Technology’s Centre of Integrated Engineering Asset Management. He is also a consultant in engineering asset management for Albany Interactive Pty. Ltd.Dr Hastings began his career with the British Army’s Royal Electrical and Mechanical Engineers, before joining the Department of Engineering Production at the University of Birmingham, where he completed his Ph D in operations research. He then became Professor of Operations Research at Monash University (Melbourne) prior to joining the Queensland University of Technology. In 2006 he was awarded the Medal of the Maintenance Engineering Society of Australia / Asset Management Council of Australia for his contribution to reliability and engineering asset management.
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