Asset management system
First Claim
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1. An asset management system, comprising:
- one or more data collection devices configured to monitor one or more operating conditions of a work machine; and
a processor configured to;
receive data from the one or more data collection devices;
predict a cost to maintain the work machine in the future based on the data from the one or more data collection devices; and
compare the predicted cost to maintain the work machine to a depreciated value of the work machine to determine a time for replacement of the work machine.
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Abstract
An asset management system is provided. The system may include one or more data collection devices configured to monitor one or more operating conditions of a work machine. The system may also include a processor configured to receive data from the one or more data collection devices and predict a cost to maintain the work machine in the future based on the data from the one or more data collection devices. The processor may also be configured to compare the predicted cost to maintain the work machine to a depreciated value of the work machine to determine a time for replacement of the work machine.
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Citations
33 Claims
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1. An asset management system, comprising:
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one or more data collection devices configured to monitor one or more operating conditions of a work machine; and
a processor configured to;
receive data from the one or more data collection devices;
predict a cost to maintain the work machine in the future based on the data from the one or more data collection devices; and
compare the predicted cost to maintain the work machine to a depreciated value of the work machine to determine a time for replacement of the work machine. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method of determining a time for replacement of a work machine, comprising:
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monitoring one or more operating conditions of the work machine;
collecting data for the one or more operating conditions;
predicting a cost to maintain the work machine in the future based on the collected data; and
comparing the predicted cost to maintain the work machine to a depreciated value of the work machine to determine a time for replacement of the work machine. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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29. A work machine, comprising:
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a frame;
a power source mounted to the frame; and
an asset management system including;
one or more data collection devices configured to monitor one or more operating conditions of the work machine; and
a processor configured to;
receive data from the one or more data collection devices;
predict a cost to maintain the work machine in the future based on the data from the one or more data collection devices; and
compare the predicted cost to maintain the work machine to a depreciated value of the work machine to determine a time for replacement of the work machine;
wherein the system is configured to offload the data from the work machine and make the data available for consideration by one or more entities. - View Dependent Claims (30, 31, 32, 33)
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Specification