Asset replacement optimization based on predicted risk of failure
US12210403B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 24, 2022 |
| Grant date | Jan 28, 2025 |
| Priority date | — |
| Expiry date | Feb 20, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0283
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
In some implementations, an optimization system may obtain health information identifying different measures of health of an asset. The health information identifies end of life information regarding an end of life curve of the asset and an effective age of the asset. The optimization system may determine, based on the health information, a hazard curve for the asset. The hazard curve indicates a predicted failure rate of the asset over a period of time. The optimization system may provide the hazard curve and the effective age of the asset as inputs to an optimization model. The optimization system may use the optimization model to determine a particular time for replacing the asset, wherein the particular time is determined based on the hazard curve and the effective age. The optimization system may cause the asset to be replaced at the particular time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.