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Author | : Nicholas Anthony John Hastings |
Publisher | : Springer Science & Business Media |
Total Pages | : 383 |
Release | : 2009-09-29 |
Genre | : Technology & Engineering |
ISBN | : 1848827512 |
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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.
Author | : John S. Mitchell |
Publisher | : |
Total Pages | : 433 |
Release | : 2012-07-16 |
Genre | : Maintenance |
ISBN | : 9780985361938 |
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Author | : Howard W. Penrose |
Publisher | : SUCCESS by DESIGN |
Total Pages | : 132 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 9780971245068 |
Download Physical Asset Management for the Executive Book in PDF, ePub and Kindle
Proper management of physical assets remains as the single largest business improvement opportunity in the 21st Century. Based upon the U.S. Census Bureau, an 1979 maintenance study performed by MIT and recent reliability and maintenance studies, the size of the asset maintenance industry in the USA was $1.2 trillion in 2005, in which $750 billion was the direct cost of poor physical asset maintenance and management. Of the $12.5 trillion GDP for the USA, an additional 20% was lost due to poor or improper physical asset investment while over 60% of businesses rely upon maintaining equipment reactively. Dr. Penrose discusses the strategies that must be applied to your business to take advantage of this last frontier in business improvement. Determine where you stand by asking yourself this one question: The next time you get on that elevator or airplane, what if they are maintaining it the same way you maintain your facilities and production equipment; would you want to ride?
Author | : Nicholas Anthony John Hastings |
Publisher | : Springer |
Total Pages | : 547 |
Release | : 2015-02-21 |
Genre | : Business & Economics |
ISBN | : 3319147773 |
Download Physical Asset Management Book in PDF, ePub and Kindle
Significantly 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 in-service assets, maintenance strategy, outsourcing, cost-benefit 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 solutions Written 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.
Author | : Dharmen Dhaliah |
Publisher | : FriesenPress |
Total Pages | : 208 |
Release | : 2016-10-17 |
Genre | : Business & Economics |
ISBN | : 1460288270 |
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A holistic approach to managing physical assets has become a top priority for organizations both in the public and private sectors. For years to come considerable amount of funds is being committed to invest in physical assets and asset management practitioners are honing their skills to be part of the huge undertaking. But there is one key oversight: how will organizations cope with the implementation of a holistic physical asset management approach? In many organizations there exists a lack of collaboration and alignment to achieve organizational strategic goals. Why? Organizational silos, the very silos that must be major contributors for the successful implementation of the holistic physical asset management approach. Physical Asset Management — An Organizational Challenge explores how the physical asset management philosophy fits within an organization, details the challenges it faces, and reviews the different functional areas dealing with physical assets. Existing gaps and overlaps are uncovered, exposing those that hinder collaboration and alignment. Written with asset management practitioners in mind, as well as everyone involved with physical assets, Physical Asset Management-An Organizational Challenge and its case studies will aid organizations to be better prepared when they embark on the journey of holistic physical asset management.
Author | : Dharmen Dhaliah |
Publisher | : Industrial Press |
Total Pages | : 0 |
Release | : 2019-12 |
Genre | : Business & Economics |
ISBN | : 9780831136529 |
Download Organization-wide Physical Asset Management Book in PDF, ePub and Kindle
Managing physical assets is a cooperative and cross-functional discipline that demands a solid governance structure, strong leadership, and well-coordinated policies and practices to meet organizational objectives and requirements in the context of their operations. Organizations struggle to balance cost, performance, and risk with regard to the management of physical assets. Traditional physical asset management systems tend to be silo-based in that they have been developed by a particular section or function for use only in that function. The effects of the isolated function-specific asset management systems are widespread and have significant implications, creating gaps and overlaps in business processes or impeding the decision-making processes. Organizations are investing lots of money and resources in building their physical asset management systems. However, for far too long the focus has been mostly on the tools and methodologies. These companies need to step up and undergo a paradigm shift focused towards creating a system of organization-wide physical asset management, and moving away from the silo approach. This transformational process will provide: an improvement in coordination and collaboration. the ability to manage physical assets across the organization. an alignment of all functional areas within an organization to reach common goals. This book will benefit practitioners and students enrolled in asset management programs, and help to change the way they understand and implement an effective physical asset management system to a more organization-wide, systems approach.
Author | : Nicholas Anthony John Hastings |
Publisher | : |
Total Pages | : |
Release | : 2010 |
Genre | : Capital |
ISBN | : 9781848827523 |
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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 not been seen as a specific professional activity, but now perceptions are changing. Many organizations are introducing senior positions in asset management, and universities are introducing courses in asset management at graduate and advanced undergraduate level. The broad reach of this book means that it will be applicable to professionals and future professionals across a wide variety of industries, ranging from manufacturing and distribution, to local government. 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.
Author | : Dimitris Kiritsis |
Publisher | : Springer Science & Business Media |
Total Pages | : 997 |
Release | : 2011-02-03 |
Genre | : Technology & Engineering |
ISBN | : 0857293206 |
Download Engineering Asset Management Book in PDF, ePub and Kindle
Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management.
Author | : Lina Bertling Tjernberg |
Publisher | : CRC Press |
Total Pages | : 583 |
Release | : 2018-03-29 |
Genre | : Technology & Engineering |
ISBN | : 1498708684 |
Download Infrastructure Asset Management with Power System Applications Book in PDF, ePub and Kindle
Infrastructure Asset Management with Power System Applications is about infrastructure asset management, which can be expressed as the combination of management, financial, economic, and engineering, applied to physical assets with the objective of providing the required level of service in the most cost-effective manner. It includes management of the whole lifecycle of a physical asset from design, construction, commission, operation, maintenance, modification, decommissioning, and disposal. It covers budget issues and focuses on asset management of an infrastructure for energy—i.e., the electric power system. Features Offers a comprehensive reference book providing definitions, terminology, and basic theories as well as a comprehensive set of examples from a wide range of applications for the electric power system and its components. Spans a wide range of applications for the electric power system area, including real data and pictures. Contains results from recently published research and application studies. Includes a wide range of application examples for the electric power systems area from hydro, nuclear, and wind, plus shows future trends. Contributes to the overall goals of developing a sustainable energy system by providing methods and tools for a resource efficient use of physical assets in the electric power system area.
Author | : Joe E. Amadi-Echendu |
Publisher | : Springer Science & Business Media |
Total Pages | : 400 |
Release | : 2010-11-02 |
Genre | : Technology & Engineering |
ISBN | : 1849961786 |
Download Definitions, Concepts and Scope of Engineering Asset Management Book in PDF, ePub and Kindle
Definitions, Concepts and Scope of Engineering Asset Management, the first volume in this new review series, seeks to minimise ambiguities in the subject matter. The ongoing effort to develop guidelines is shaping the future towards the creation of a body of knowledge for the management of engineered physical assets. Increasingly, industry practitioners are looking for strategies and tactics that can be applied to enhance the value-creating capacities of new and installed asset systems. The new knowledge-based economy paradigm provides imperatives to combine various disciplines, knowledge areas and skills for effective engineering asset management. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, China. Definitions, Concepts and Scope of Engineering Asset Management will be of interest to researchers in engineering, innovation and technology management, as well as to managers, planners and policy-makers in both industry and government.