System and method for estimation of asset lifetimes
First Claim
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1. A method for lifetime estimation of assets comprising the steps of:
- inputting asset data into a system;
generating a wear index for an asset based on said asset data;
computing an amount of wear of an asset based on said wear index; and
generating a remaining life of said asset based on said amount of wear.
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Abstract
This invention relates to the estimation of asset lifetimes. An embodiment of the invention includes a method for estimation of asset lifetimes, that has the steps of inputting historic asset data into a system, generating a wear index for an asset based on the historical asset data, computing an amount of wear of an asset based on the wear index, and generating a remaining life of the asset based on the amount of wear of the asset.
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Citations
8 Claims
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1. A method for lifetime estimation of assets comprising the steps of:
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inputting asset data into a system;
generating a wear index for an asset based on said asset data;
computing an amount of wear of an asset based on said wear index; and
generating a remaining life of said asset based on said amount of wear. - View Dependent Claims (2, 3, 4)
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5. A program storage device readable by machine, tangibly embodying a program of instructions executable by the machine to perform method steps for lifetime estimation of assets, the method steps comprising:
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inputting asset data into a system;
generating a wear index for an asset based on said asset data;
computing an amount of wear of an asset based on said wear index; and
generating a remaining life of said asset based on said amount of wear. - View Dependent Claims (6, 7, 8)
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Specification