MTS Journal

2017  •  Volume 33  •  Issue 2

This edition includes updates on the Personal Property Appraiser Qualification criteria, aviation updates, the craft brewing craze; and insights from Irontrax LLC for the Mining Industry and scale factor uses and misuses in industrial plant and equipment.
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Articles from this Issue

  • Editor's Update

MTS Journal Editorial

A special note from the Editor of ASA’s MTS Journal.
PAGE 4 Brad Hartsburg, ASA, CPPA, CSA
  • MTS Governors Update

Governor's Bulletin

Important information and updates from MTS Discipline Governors.
PAGE 6 Richard Berkemeier, ASA and David Crick, ASA
  • Journal Article

The Personal Property Appraiser Qualification Criteria

Personal Property Appraiser Qualification Criteria Effective January 1, 2018.
PAGE 8 The Appraisal Foundation
  • Journal Article

Revisions to USPAP and USPAP Advisory Opinions

On February 6, 2015, the Appraisal Standards Board (ASB) adopted modifications for the 2016-17 edition of the Uniform Standards of Professional Appraisal Practice (USPAP).
PAGE 20 The Appraisal Foundation
  • Journal Article

Aviation Market Watch - What Can We Expect In 2017?

The last few months of 2016 saw some interesting changes in the aviation industry.
PAGE 22 David Fisher, ASA, NAAA
  • Journal Article

The Craft Brewing Craze and the Valuation of Brewing Equipment, Part One

The brewing industry in the US & Canada has evolved to re-vitalize brewers consisting of regional craft breweries, microbreweries, and brewpubs. As appraisers, we want to understand the brewing industry processes as they relate to the equipment we value.
PAGE 23 Alan C. Iannacito, FASA
  • Journal Article

Irontrax LLC Mining Industry Insight

Important insights on the mining industry including the recent surge in global steel production, renewed interest in IPOs within the coal industry, OPEC's pledge to cut oil production, and a brief summary of trends in used equipment values.
PAGE 35 Irontrax LLC
  • Journal Article

Scaling Laws: Uses and Misuses in Industrial Plant and Equipment Replacement Cost Estimates

Appraisers and cost engineers often use a variation of a scaling law (cost-to-capacity method). This article addresses the basics of this method when applied in cost estimating or comparing replacement costs of various industrial facilities and equipment.
PAGE 38 Clayton Baumann, PE, CCP and Alexander Lopatnikov, ASA, RICS
  • MTS Chair Update

Chairman's Corner

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 60 John J. Connolly, III, ASA