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.

N. W. Hodges is the author of The Economic Management of Physical Assets, published by Wiley.