The Economic Management of Physical Assets

Deals with the science of terotechnology. The book examines how an organization copes with physical assets, how it assesses their value, how it determines their life, and how it deals with maintenance or replacement. And how does it do all of this in the most cost-effective manner? 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.