Optimization of decisions regarding multiple assets in the presence of various underlying uncertainties
US8457997B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 30, 2005 |
| Grant date | Jun 4, 2013 |
| Priority date | — |
| Expiry date | Aug 10, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A client-server based system for building and executing flows (i.e., interconnected systems of algorithms). The client allows a user to build a flow specification and send the flow specification to the server. The server assembles the flow from the flow spec and executes the flow. A decision flow builder allows the user to build a flow targeted for the analysis/optimization of decisions (modeled by decision variables) regarding a plurality of assets in view of various underlying uncertainties (modeled by uncertainty variables). The user may specify a global objective (as a function of asset level statistics) as well and one or more constraints for the optimization. The flow may account for inter-asset correlations and inter-asset dependencies between uncertainty variables, and, inter-asset constraints between decision variables.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.