- published: 14 May 2014
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Coordinates: 57°09′09″N 2°06′36″W / 57.1526°N 2.1100°W / 57.1526; -2.1100
Aberdeen i/æbərˈdiːn/ (Scots: Aiberdeen
listen (help·info); Scottish Gaelic: Obar Dheathain [ˈopər ˈʝɛhɪn]) is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 29th most populous city, with an official population estimate of 220,420.
Nicknames include the Granite City, the Grey City and the Silver City with the Golden Sands. During the mid-18th to mid-20th centuries, Aberdeen's buildings incorporated locally quarried grey granite, whose mica deposits sparkle like silver. The city has a long, sandy coastline. Since the discovery of North Sea oil in the 1970s, other nicknames have been the Oil Capital of Europe or the Energy Capital of Europe. The area around Aberdeen has been settled since at least 8,000 years ago, when prehistoric villages lay around the mouths of the rivers Dee and Don.
Aberdeen received Royal Burgh status from King David I (1124–53), transforming the city economically. The city's two universities, the University of Aberdeen, founded in 1495, and The Robert Gordon University, which was awarded university status in 1992, make Aberdeen the educational centre of the north-east. The traditional industries of fishing, paper-making, shipbuilding, and textiles have been overtaken by the oil industry and Aberdeen's seaport. Aberdeen Heliport is one of the busiest commercial heliports in the world and the seaport is the largest in the north-east of Scotland.
Asset management, broadly defined, refers to any system whereby things that are of value to an entity or group are monitored and maintained. It may apply to both tangible assets and to intangible concepts such as intellectual property and goodwill. Asset management is a systematic process of operating , maintaining, and upgrading assets cost-effectively, (American Associate of State Highway and Transportation Officials). Alternative views of asset management in the engineering environment are: The practice of managing assets so that the greatest return is achieved (this concept is particularly useful for productive assets such as plant and equipment); and the process by which built systems of facilities are monitored and maintained, with the objective of providing the best possible service to users (appropriate for public infrastructure assets). Most active money managers produce worse returns than an index, such as the Standard & Poor's 500.
Civilization has always relied on its technological assets to support key functions like transport, public health, business and commerce. There is a clear link between the provision and sophistication of technological assets and our modern lifestyle. Persians built a strong empire through their construction of roads, aqueducts and other assets. Similar stories are found when examining Asia, Africa, Europe and the Americas.
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