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Method and system for performing model-based multi-objective asset optimization and decision-making

  • US 20060271210A1
  • Filed: 04/28/2005
  • Published: 11/30/2006
  • Est. Priority Date: 04/28/2005
  • Status: Active Grant
First Claim
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1. A method for performing multi-objective asset optimization and decision-making using predictive modeling, comprising:

  • building at least two predictive models for an asset, comprising;

    categorizing operational historical data by at least one of;

    controllable variables;

    uncontrollable variables;

    output objectives; and

    constraints;

    selecting at least two output objectives or constraints; and

    identifying at least one controllable or uncontrollable variable suitable for achieving the at least two output objectives or constraints;

    inputting the at least one controllable or uncontrollable variable to each of the at least two predictive models;

    validating each predictive model;

    if results of the validating indicate a confidence level above a specified threshold, applying a live data stream of inputs to the predictive models;

    if results of the validating indicate a confidence level at or below a specified threshold, selecting at least one alternative controllable or uncontrollable variable for input to the predictive models;

    performing multi-objective optimization using the predictive models, comprising;

    specifying search constraints, comprising;

    upper and lower bounds for each input variable;

    tolerance levels representing a range of values for achieving optimal output objectives, and constraints;

    applying a multi-objective optimization algorithm;

    generating a Pareto Frontier, the Pareto Frontier including optimal input-output vectors; and

    selecting a Pareto optimal input-output vector.

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