Significantly extended from the first edition & 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 & 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 & renewal Physical asset management is the management of fixed assets such as equipment plant buildings & infrastructure Features include Suitable for university courses & 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 & numerical examples with solutions Written for practitioners & 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 & also offers an ideal reference text for engineers & managers specializing in asset management reliability maintenance logistics or systems engineering