Preface -- 1 Introduction, by Telli van der Lei --  2 Smart engineering assets through strategic integration: Seeing beyond the convention, by Jayantha P. Liyanage -- 3 A systems view on infrastructure asset management, by P. M. Herder, Y.C. Wijnia --  4 Corporate Asset Management for Industrial Companies: An Integrated Business-driven Approach, by Kari Komonen, Helena Kortelainen and Minna Räikkönen --  5 Flexible investment planning and collaborative maintenance management, by Ville Ojanen, Lasse Hatinen, Timo Kärri, Tuomo Kässi, Markku Tuominen --  6 Life Cycle Cost Analysis, by A. CrespoMárquez, C. Parra Márquez, J.F. Gómez Fernández, M. López Campos & V. González Díaz --  7 Asset performance assessment, by Aditya Parida -- 8 Maintenance Impact on Company Competitiveness & Profit , by Basim Al-Najjar --  9 Development of techniques to manage asset condition using new tools, by David Baglee, Michael Knowles and Chi-Yung Yau -- 10. Closing the Implementation Gap for SMEs - Tools for enabling asset man-agement in small and medium enterprises, by Cord-Philipp Winter, Christian Fabry;   11 Towards a research agenda for strategic engineering asset management, by Telli van der Lei.

In the past decades asset intensive companies have witnessed a number of regulatory changes and especially industry is facing ever increasing competitiveness. To overcome these challenges different asset management methods have been developed aimed to improve the asset life cycle. Especially the design phase and operation and maintenance phase have seen a rise in tools and methods. Smarter design can lead to improved operation. Likewise, improved operation and maintenance leads to lower replacement costs and may provide the basis for better design.   This book brings together and coherently presents the current state of the art in asset management research and practice in Europe from a life cycle perspective. Each chapter  focuses on specific parts of this life cycle and explains how the methods and techniques described are connected and how they improve the asset life cycle, thus treating this important subject from a unique perspective.