Wireless asset monitoring system and method having designations of logical place

A method for wirelessly monitoring assets including the steps of:

• forming a network using a plurality of network nodes and at least one asset node;
• receiving logical place information at the at least one asset node from at least one of the plurality of network nodes;
• and
• determining a status condition from the logical place information and transmitting the status condition regarding the at least one asset's location to at least one of the plurality of network nodes if the at least one asset is in an allowed, forbidden or lost location.

A method for monitoring assets using a multi-hop wireless communications network having a plurality of network nodes comprising the steps of:

• initializing at least one asset node;
• receiving a beaconing signal from at least one network node;
• determining if the received signal strength indication (RSSI) from the at least one network node is above a predetermined threshold level;
• determining a logical place information from the at least one network node;
• and
• transmitting status information to the at least one network node if the at least one asst node is in a forbidden place.