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Method and system for forecasting reliability of assets

  • US 20070061232A1
  • Filed: 08/31/2005
  • Published: 03/15/2007
  • Est. Priority Date: 08/31/2005
  • Status: Active Grant
First Claim
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1. A method of forecasting reliability of an asset, comprising:

  • identifying peer units of the asset by using selected criteria and performing a search for the peer units based upon the selected criteria;

    constructing local predictive models using the peer units;

    estimating the future behavior of the asset based upon the local predictive models; and

    dynamically updating the local predictive models to reflect at least one change in the criteria.

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