The Economic Management of Physical Assets

Comprehensive guidance for more effective physical asset management Physical assets are costly to run, maintain, and operate, yet they are a critical part of a business's infrastructure; buildings, machinery, production lines, service equipment, and technology can be a company's largest expense — but without them, there is no business. The Economic Management of Physical Assets provides guidance on managing these expenses efficiently without sacrificing quality or reliability. Covering essential skills including life cycle costing, resource management, and more help readers gain the very best possible value by handling these important assets in the most economically advantageous way.

Organizations and beneficiaries Sources of assets Types of organization and management principles Life Composition of the Asset Economic Evaluations Life Cycle Costing Suppliers Contributors and Involvement Effect on Working Practices The Nature of Projects Performance Specification for the Asset Design of the Product The Acquisition of the Asset Operational Aspects Maintenance Aspects Disposal Activities.