Physical Asset Management

  • Nicholas A. J.¬†Hastings

About this book


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.


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Authors and affiliations

  • Nicholas A. J.¬†Hastings
    • 1
  1. 1.Centre for Integrated Engineering Asset Management (CIEAM)Queensland University of TechnologyBrisbaneAustralia

Bibliographic information

  • DOI
  • Copyright Information Springer London 2010
  • Publisher Name Springer, London
  • eBook Packages Engineering
  • Print ISBN 978-1-84882-750-9
  • Online ISBN 978-1-84882-751-6
  • Buy this book on publisher's site
Industry Sectors
Materials & Steel
Chemical Manufacturing
Energy, Utilities & Environment
Oil, Gas & Geosciences