MTS Journal

2024 • Volume 40 • Issue 1-2

This issue features a new white paper approved by the MTSC on the Current Battery Science in Transportation, as well as articles on Iowa Survivor Curves, Business Aviation, Summer Aircraft Sales, and Best Practices for Economic Obsolescence Measurement.

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Articles from this Issue

ASA Update Looking Ahead to Portland for the Profession’s Main Event

ASA’s John D. Russell, Strategic Partnership Officer and Co-Interim CEO gives a brief overview of ASA's upcoming 2024 International Conference in Portland, Oregon, September 15 – 17, 2024.

PAGE 5 John D. Russell, JD, Strategic Partnership Officer, ASA

Letter from the Discipline Governor

Important information and updates from MTS Discipline Governor Ryan Kinahan.

PAGE 7 Ryan Kinahan, ASA, CPA, Managing Director, RK Valuation Advisory LLC

Letter from the MTS Chair and MTS Education Update

News from ASA’s Machinery and Technical Specialties (MTS) Committee and updates on ASA MTS classes, conferences and events.

PAGE 8 Jamie Allen, ASA, Executive Vice President, Newmark Valuation and Advisory and Richard K. Ellsworth, ASA, Senior Advisor, Valuations at Leo Berwick

Current Battery Science in Transportation

This article provides basic information on the new generation of batteries and the systems necessary for their use in various types of transportation as stored electrical power starts to take over from fossil fuels.

PAGE 11 Norm Laskay, ASA, Of Counsel, DLS Marine

My Career Journey with the Iowa Survivor Curves

Richard K. Ellsworth, ASA, learned about the Iowa survivor curves and their significance in appraisals from colleagues skilled in financial theory and asset valuation. This article describes his introduction and their impact on his career.

PAGE 14 Richard K. Ellsworth, ASA, Senior Advisor, Valuations at Leo Berwick

Interview: ASA Mexico, December 1, 2023

Ryan Kinahan interviews accredited ASA member Mario Rafael Marqués Tapia on his background and insight into the Machinery and Equipment Valuation profession.

PAGE 17 Mario Rafael Marqués Tapia, ASA, VALOR Valuación Organizada S.A. de C.V and Ryan Kinahan, ASA, CPA, Managing Director, RK Valuation Advisory LLC

Business Aviation 2024 Q1 Updates

This article examines how business aviation markets are heading towards normalization and outlines predictions for the year ahead. A version of this article was previously published in Viewpoint, a publication of Cirium Ascend Consultancy.

PAGE 20 Dan Hall, ASA, Senior Valuation Consultant, Cirium Ascend Consultancy

Summer Slowdown for Aircraft Sales

This article examines and analysis the current, complex aviation market with special attention to the current economy, fuel prices, and demand and supply of aircraft.

PAGE 22 Jason Zilberbrand, ASA, President and CTO, VREF, Inc.

The Crucial Need for Training and Certification in Equipment Management for Equipment Leasing and Financial Services Companies

This article explores the reasons why equipment leasing and financial services companies’ staff should undergo training and certification in equipment management.

PAGE 25 William Engel, FASA, President, Strategic Asset Management

Clarifying Terminology: Purpose, Intended Use, and Definition of Value

This article clarifies the distinctions between the terms purpose, intended use, and definition of value in the context of appraisal practice, addressing common confusions and providing insights from industry expert Barry Shea, ASA.

PAGE 27 Jack Young, ASA, ARM, Principal, NorCal Valuation Inc.

Best Practices for Economic Obsolescence Measurement: Part Four

This is the fourth part of a four-part series. The series describes best practices for measuring economic obsolescence in unit principle M&E appraisals developed for ad valorem property tax planning, compliance, or controversy purposes.

PAGE 29 Robert F. Reilly, ASA, Managing Director, Willamette Management Associates