Physical Asset Management
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. Historically, asset management has
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Nicholas A. J. Hastings
Physical Asset Management
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Dr. Nicholas A. J. Hastings Queensland University of Technology Centre for Integrated Engineering Asset Management (CIEAM) Gardens Point Campus, Level 7, O Block Brisbane QLD 4001 Australia
ISBN 978-1-84882-750-9 e-ISBN 978-1-84882-751-6 DOI 10.1007/978-1-84882-751-6 Springer London Dordrecht Heidelberg New York British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Control Number: 2009935958 © Springer-Verlag London Limited 2010 Exel is a registered trademark of Microsoft Corporation in the United States and other countries. Apart from any fair dealing for the purposes of research or private study, or criticism or review, as permitted under the Copyright, Designs and Patents Act 1988, this publication may only be reproduced, stored or transmitted, in any form or by any means, with the prior permission in writing of the publishers, or in the case of reprographic reproduction in accordance with the terms of licences issued by the Copyright Licensing Agency. Enquiries concerning reproduction outside those terms should be sent to the publishers. The use of registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant laws and regulations and therefore free for general use. The publisher makes no representation, express or implied, with regard to the accuracy of the information contained in this book and cannot accept any legal responsibility or liability for any errors or omissions that may be made. Cover design: eStudio Calamar, Figueres/Berlin Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
About this Book
Physical asset management is the management of fixed or non-current assets such as equipment, plant, buildings and infrastructure. This book presents a systematic approach to the management of these assets from concept to disposal. It introduces the general principles of physical asset management, so as to make these accessible to a wide audience, 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, cost-benfit analysis, disposal and renewal. Industries to which this is applicable include: electricity generation and supply; oil and gas; water; roads; railways; mining; aviation; shipping; hospitals; retail centres; manufacturing; distribution; defence facilities and defence materiel; recreation and sporting facilities and local government. The book addresses the needs of existing and potential asset managers and provides an introduction to asset management for professionals in related disciplines, including finance. It provides both an introduction and a convenient reference work, covering t
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