Abstract
Strategic asset management (SAM) can be simply described by two key words, which are Asset Evaluation and Asset Enhancement. Asset value herein does not imply installation cost but rather refers to a market price of the asset when sold in a competitive market. Asset evaluation is a part of business administration field and there are many verified methodologies and practical examples. Therefore this paper would rather be focused on asset enhancement. Applied to physical assets, to increase current asset value and to decrease total cost of ownership (TCO), asset management should be concentrated upon graded approaches, proactive maintenance, and long-term strategies, three key topics of this paper.
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Lee, W., Moh, S., Min, S., Yang, B. (2006). Strategies for Physical Asset Management in KHNP. In: Mathew, J., Kennedy, J., Ma, L., Tan, A., Anderson, D. (eds) Engineering Asset Management. Springer, London. https://doi.org/10.1007/978-1-84628-814-2_92
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DOI: https://doi.org/10.1007/978-1-84628-814-2_92
Publisher Name: Springer, London
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