About this title Physical Asset Management Handbook, 4th Edition, is a top-to-bottom description of the processes, practices, technology, implementation, and results attainable with Physical Asset Management in a highly practical, experience-oriented, results-directed format. This definitive handbook defines objectives, benefits, opportunities, and the evolution to Asset Optimization. The book provides a practical description of Asset Optimization principles and major program elements necessary to implement and sustain a successful Asset Optimization program.

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About the Author - John S. Mitchell John Mitchell has held leadership positions in the Reliability and maintenance field during a professional career of more than 40 years.

He is considered among the world’s leading experts in the field of machinery monitoring and analysis. He was founder and president of Palomar Technology International Inc., and manager of the Bruel & Kjaer Condition Monitoring Systems Division in Naerum, Denmark. In addition to this book he is also the author of: An Introduction to Machinery Monitoring and Analysis. He has published numerous papers and given presentations on the financial and technical benefits of condition monitoring and condition-based maintenance to organizations throughout the world. John is a Certified Maintenance and Reliability Professional, CMRP, member of ASME and ISA and a member of the Board of Directors of the Vibration Institute.

He is a graduate of the U.S. Naval Academy and holds a patent for fixtures used in optical alignment. Contents The first four chapters comprise a basic introduction. They identify objectives, benefits and opportunities, define the program, describe the evolution to Asset Optimization, Asset Optimization principles and major program elements. The middle of the Handbook, Chapters V through XVI, describe the elements necessary to implement and sustain a successful Asset Optimization program. Woven within these chapters are two chapters describing actual implementation. Chapters VI and XI describe the practical aspects of implementing asset management within a power generating company and a ten year retrospective by an industry leader.

Chapter XIX describes a third implementation to complete the user series. Chapters XVII and XVIII define the elements involved with implementing an Asset Optimization program. Five Appendices, including a Glossary of Terms, Appendix A, and Scorecards, Appendix E, provide some additional information including more detailed best practices.