ABSTRACT

There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.

—Milton Friedman

The goal of this chapter is to present models and tools that can be used to determine optimal resource requirements to optimize physical asset management resource decisions. In the context of the framework of the decision areas addressed in this book, we are addressing column 4 of the framework, as highlighted in Figure 5.1.