Physical Asset Management: With an Introduction to ISO55000,Used

Product DescriptionSignificantly extended from the first edition and published in response to the new international standard ISO55000, this book on physical asset management (2nd Ed.) presents a systematic approach to the management of physical assets from concept to disposal. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of fixed asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, management of inservice assets, maintenance strategy, outsourcing, costbenefit analysis, disposal and renewal. Physical asset management is the management of fixed assets such as equipment, plant, buildings and infrastructure. Features include:*Suitable for university courses and builds on first edition to provide further analytical material*Aligned with the international asset management standard ISO55000*Provides a basis for the establishment of physical asset management as a professional discipline*Presents case studies, analytical techniques and numerical examples with solutionsWritten for practitioners and students in asset management, this textbook provides an essential foundation to the topic. It is suitable for an advanced undergraduate or postgraduate course in asset management, and also offers an ideal reference text for engineers and managers specializing in asset management, reliability, maintenance, logistics or systems engineering.From the Back CoverSignificantly extended from the first edition and published in response to the new international standard ISO55000, this book on physical asset management (2nd Ed.) presents a systematic approach to the management of physical assets from concept to disposal. It introduces the general principles of physical asset management and covers all stages of the asset management process, including initial business appraisal, identification of fixed asset needs, capability gap analysis, financial evaluation, logistic support analysis, life cycle costing, management of inservice assets, maintenance strategy, outsourcing, costbenefit analysis, disposal and renewal. Physical asset management is the management of fixed assets such as equipment, plant, buildings and infrastructure. Features include:*Suitable for university courses and builds on first edition to provide further analytical material*Aligned with the international asset management standard ISO55000*Provides a basis for the establishment of physical asset management as a professional discipline*Presents case studies, analytical techniques and numerical examples with solutionsWritten for practitioners and students in asset management, this textbook provides an essential foundation to the topic. It is suitable for an advanced undergraduate or postgraduate course in asset management, and also offers an ideal reference text for engineers and managers specializing in asset management, reliability, maintenance, logistics or systems engineering.About the AuthorDr. Nicholas Anthony John Hastings has worked for over 45 years in the field of engineering asset management. His early career was in the British Army, where he attended the Royal Military Academy Sandhurst and the University of Cambridge and served in the Royal Electrical and Mechanical Engineers. He worked initially in maintenance management and later in asset management policy, focussing on planning for the ongoing sustainment of equipment fleets, through repair/replace decision making and related logistic issues.In 1994 he took up the Mount Isa Mines Chair in Maintenance Engineering at Queensland University of Technology, Brisbane, Australia. He subsequently worked on asset related projects in mining, electricity supply, water supply, gas extraction and processing and defence. Following his retirement from full time university work, he was awarded the Medal of the Maintenance Engineeri