ASTM-E2495 2007

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E2495-07 Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition

Published By	Publication Date	Number of Pages
ASTM	2007	9

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Categories: 03.100.01 - Company organization and management in general, ASTM

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Description

1.1 This practice establishes a quantitative process, an asset priority index (API), for prioritizing asset resources in acquisition, utilization, and disposition to provide managers with a method to prioritize asset resources based on predefined criteria.

1.2 The API has a wide range of applications including, but not limited to, use as a basis for capital investment strategies, deferred maintenance approaches, security design and analyses, continuity of business/risk analyses, and disposition decisions.

1.3 The API model is designed to be applicable and appropriate for entities holding equipment designated as capital assets.

1.4 In addition to the applicability of moveable and durable assets as defined in this practice, this methodology may in whole or in part be effectively applied to intangible property, real property, and materiel.

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 or 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 projects many unique aspects. The word ‘Standard’ in the title means only that the document has been approved through the ASTM International consensus process.

PDF Catalog

PDF Pages	PDF Title
1	Scope Referenced Documents Terminology
2	Summary of Practice Significance and Use Applicability Procedure
3	Analytical Measures Keywords X1. EXAMPLE 1: IDENTIFYING CAPITAL ASSETS THAT SUPPORT THE CORE/PRIORITY MISSIONS OF A BUSINESS ENTITY X1.1 Evaluation X1.2 Simplified Steps TABLE X1.1
4	TABLE X1.2 TABLE X1.3 TABLE X1.4
5	X2. EXAMPLE 2: EVALUATING AND SELECTING CAPITAL ASSET INVESTMENTS X2.1 X2.2 X2.3 X2.4 TABLE X1.5 TABLE X1.6 TABLE X1.7 TABLE X1.8 TABLE X1.9 TABLE X1.10
6	X2.5 X2.6 Step 1: Choose Benefits of Acquisition X2.7 Step 2: Design an Evaluation Scale X2.8 Step 3: Apply the AHP Pair-wise Comparisons Method to Determine Criterion Weights X2.9 Step 4: Design the Scoring Scales for Each Benefit X2.10 Step 5: Rank Each Asset Using the Scoring Scales for Each Benefit and the Benefit Weights TABLE X2.1 TABLE X2.2
7	TABLE X2.3 TABLE X2.4 TABLE X2.5 TABLE X2.6 TABLE X2.7
8	X2.11 Step 6: Calculate the Asset Priority Index from the Rankings X2.12 Step 7: Normalize Life Cycle Costs TABLE X2.8 TABLE X2.9 TABLE X2.10
9	TABLE X2.11 TABLE X2.12

Additional information

Standard Title	E2495-07 Standard Practice for Prioritizing Asset Resources in Acquisition, Utilization, and Disposition
Published Code	ASTM
Publication Date	2007
Pages Count	9
ICS Codes	03.100.01 - Company organization and management in general

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ASTM-E2495 2007

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