ASTM-E2495 Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition

ASTM-E2495 - 2018 EDITION - CURRENT
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Scope

1.1 The asset priority index (API) establishes a quantitative process for prioritizing asset resources in acquisition, utilization, and disposition.

1.2 In addition to the applicability of moveable and durable assets as defined in this practice, this methodology is similarly used in the analysis of investments in buildings and building systems (see Practice E1765).

1.3 This practice offers instructions for performing one or more specific operations. This document cannot replace education or experience and should be used in conjunction with professional judgment. Not all aspects of this practice may be applicable in all circumstances. This ASTM standard is neither intended to represent nor replace the standard of care by which the adequacy of a given professional service must be judged, nor should this document be applied without consideration of a project’s many unique aspects. The word “Standard” in the title means only that the document has been approved through the ASTM International consensus process.

1.4 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

Keywords

AHP; analytical hierarchy process; API; asset management; asset portfolio; asset priority; assets; equipment; equipment management; property; tangible assets;; ICS Number Code 03.100.01 (Company organization and management in general)

To find similar documents by ASTM Volume:

04.12 (Building Constructions (II): E2112 - latest; Sustainability; Property Management Systems; Technology and Underground Utilities)

To find similar documents by classification:

03.100.01 (Company organization and management in general Including legal aspects and risk management)

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Document Number

ASTM-E2495-18

Revision Level

2018 EDITION

Status

Current

Modification Type

Revision

Publication Date

July 1, 2018

Document Type

Practice

Page Count

8 pages

Committee Number

E53.01