Method for estimating the cost of a future project

• US 20070100775A1
• Filed: 10/31/2005
• Published: 05/03/2007
• Est. Priority Date: 10/31/2005
• Status: Abandoned Application

• Current Assignee: Caterpillar Incorporated
• Original Assignee: Caterpillar Incorporated
• Inventors: Vyas, Bhavin
• Application Number:
  US11/261,565
• Publication Number:
  US 20070100775A1
• Time in Patent Office: Days
• US Class Current: 705/400
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass

Abstract

A computer system for estimating the cost of a future project is disclosed. The computer system has a console, at least one input device, and a central processing unit in communication with the console and the at least one input device. The central processing unit is configured to receive one or more parameters of a future project via the at least one input device and determine an equipment solution that satisfies the parameters of the future project. The central processing unit is also configured to analyze historic data automatically collected by equipment encompassed by the equipment solution and estimate a cost of implementing the equipment solution to complete the future project, based on the analysis. The central processing unit is further configured to calculate the cost of the future project based on the estimated cost of implementing the equipment solution.

Claims

1. A method for determining the cost of a future project, comprising:

receiving one or more parameters of a future project;

determining an equipment solution that satisfies the parameters of the future project;

analyzing historic data automatically collected by equipment encompassed by the equipment solution;

estimating a cost of implementing the equipment solution to complete the future project, based on the analysis; and

calculating the cost of the future project based on the estimated cost of implementing the equipment solution.

2. The method of claim 1, wherein:

the historic data includes a maintenance history of the equipment; and

estimating a cost includes predicting a maintenance cost of the. equipment during completion of the future project based on the maintenance history.

3. The method of claim 2, wherein the maintenance history includes the replacement history of at least one of a traction device and a work implement.

4. The method of claim 1, wherein:

the historic data includes a repair history of the equipment; and

estimating a cost includes predicting a repair cost of the equipment during completion of the future project based on the repair history.

5. The method of claim 1, wherein:

the historic data includes monitored operational aspects of the equipment; and

estimating the cost includes estimating a cost of operating the equipment during completion of the future project.

6. The method of claim 5, wherein the monitored operational aspects include a load history of the equipment.

7. The method of claim 6, wherein estimating the cost includes comparing the load history to a load threshold limit.

8. The method of claim 5, wherein the monitored operational aspects include a fluid consumption history of the equipment.

9. The method of claim 5, wherein the monitored operational aspects include a fluid contamination history of the equipment.

10. The method of claim 1, wherein estimating the cost includes estimating a life of the equipment and the cost of replacement equipment.

11. The method of claim 1, wherein estimating the cost includes depreciating the value of the equipment during completion of the future project.

12. The method of claim 1, wherein analyzing historic data includes analyzing historic data taken from equipment operated at the same geographic location as the future project.

13. The method of claim 1, further including:

comparing the estimated cost of implementing the equipment solution to an industry standard associated with the equipment solution; and

modifying the equipment solution according to the comparison.

14. A computer system, comprising:

a console;

at least one input device; and

a central processing unit in communication with the console and the at least one input device, the central processing unit configured to;

receive one or more parameters of a future project via the at least one input device;

determine an equipment solution that satisfies the parameters of the future project;

analyze historic data automatically collected by equipment encompassed by the equipment solution;

estimate a cost of implementing the equipment solution to complete the future project, based on the analysis; and

calculate the cost of the future project based on the estimated cost of implementing the equipment solution.

15. The computer system of claim 14, wherein:

the historic data includes a maintenance history of the equipment; and

estimating a cost includes predicting a maintenance cost of the equipment during completion of the future project based on the maintenance history.

16. The computer system of claim 15, wherein the maintenance history includes the replacement history of at least one of a traction device and a work implement.

17. The computer system of claim 14, wherein

the historic data includes a repair history of the equipment;

and

estimating a cost includes predicting a repair cost of the equipment during completion of the future project based on the repair history.

18. The computer system of claim 14, wherein:

the historic data includes monitored operational aspects of the equipment; and

estimating the cost includes estimating a cost of operating the equipment during completion of the future project.

19. The computer system of claim 18, wherein the monitored operational aspects include at least one of a load history, a fluid consumption history, and a fluid contamination history of the equipment.

20. The computer system of claim 14, wherein estimating the cost includes:

estimating a life of the equipment and the cost of replacement equipment; and

depreciating the value of the equipment during completion of the future project.

21. The computer system of claim 14, wherein the historic data includes data taken from equipment operated at the same geographic location as the future project.

22. The computer system of claim 14, wherein the central processing unit is further configured to:

compare the estimated cost of implementing the equipment solution to an industry standard associated with the equipment solution; and

modify the equipment solution according to the comparison.

23. A computer readable medium for use on a computer system, the computer readable medium having computer executable instructions for performing a method comprising:

receiving one or more parameters of a future project;

determining an equipment solution that satisfies the parameters of the future project;

analyzing historic data automatically collected by equipment encompassed by the equipment solution;

estimating a cost of implementing the equipment solution to complete the future project, based on the analysis; and

calculating the cost of the future project based on the estimated cost of implementing the equipment solution.

24. The computer readable medium of claim 23, wherein:

the historic data includes a maintenance history of the equipment; and

estimating a cost includes predicting a maintenance cost of the equipment during completion of the future project based on the maintenance history.

25. The computer readable medium of claim 24, wherein the maintenance history includes the replacement history of at least one of a traction device and a work implement.

26. The computer readable medium of claim 23, wherein

the historic data includes a repair history of the equipment;

and

estimating a cost includes predicting a repair cost of the equipment during completion of the future project based on the repair history.

27. The computer readable medium of claim 23, wherein:

the historic data includes at least one of a load history, a fluid consumption history, and a fluid contamination history of the equipment; and

estimating the cost includes estimating a cost of operating the equipment during completion of the future project.

28. The computer readable medium of claim 23, wherein estimating the cost includes:

estimating a life of the equipment and the cost of replacement equipment; and

depreciating the value of the equipment during completion of the future project.

29. The computer readable medium of claim 23, wherein analyzing historic data includes analyzing historic data taken from the equipment operated at the same geographic location as the future project.

30. The computer readable medium of claim 23, wherein the method further includes:

comparing the estimated cost of implementing the equipment solution to an industry standard associated with the equipment solution; and

modifying the equipment solution according to the comparison.