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System and method for evaluating risks associated with delaying machine maintenance

  • US 20080082345A1
  • Filed: 09/29/2006
  • Published: 04/03/2008
  • Est. Priority Date: 09/29/2006
  • Status: Abandoned Application
First Claim
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1. A method for determining risk associated with delaying machine maintenance comprising:

  • receiving health data associated with a machine;

    analyzing the health data based on predetermined threshold data to detect an event alert condition;

    estimating a future failure date of a machine component based on the health data analysis;

    analyzing historic productivity data associated with the machine;

    estimating a cost associated with operating the machine with the event alert condition for a predetermined amount of time;

    estimating a cost associated with removing the machine from service based on historic productivity analysis;

    analyzing the estimated cost associated with removing the machine from service based on the estimated cost associated with operating the machine with the event alert condition; and

    providing a machine maintenance recommendation based on the cost analysis.

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