INTEGRATED PROUCTION LOSS MANAGEMENT
First Claim
1. A method comprising:
- receiving system-wide information comprising operational data from a plurality of sensors, wherein a first sensor measures a parameter related to a first component of the system and a second sensor measures a parameter related to a second different component of the system;
receiving transactional data;
selecting at least a portion of the received system-wide information; and
applying a plurality of statistical models to the selected operational data, and transactional data to determine a best-fit model in regards to the correlation among the operational data with the transactional data to predict events and impacts of the predicted events in terms of at least one of economic impact, environmental impact, and health and safety impact.
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Accused Products
Abstract
Current monitoring systems often provide the operating condition of a specific component and do not consider the impact of a specific failure upon an entire system or a business. Nor do the current systems provide an avenue for the business to predict the loss, as well as its impact, and make an educated decision of mitigating the loss based upon economic, environmental, and health and safety considerations. Methods and systems are provided for predicting loss events, impacts of loss events, and providing potential corrective measures to reduce or eliminate the occurrence or impact of the loss events. One aspect relates to the use of system-wide information to predict variables that are directly linked to business impact, such as production loss. Extraneous and transactional data are also utilized according to other aspects of the invention.
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Citations
20 Claims
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1. A method comprising:
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receiving system-wide information comprising operational data from a plurality of sensors, wherein a first sensor measures a parameter related to a first component of the system and a second sensor measures a parameter related to a second different component of the system; receiving transactional data; selecting at least a portion of the received system-wide information; and applying a plurality of statistical models to the selected operational data, and transactional data to determine a best-fit model in regards to the correlation among the operational data with the transactional data to predict events and impacts of the predicted events in terms of at least one of economic impact, environmental impact, and health and safety impact. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer-readable medium having computer-executable instructions that when executed perform a method comprising:
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collecting system-wide information comprising operational data from a plurality of sensors, and transactional data; receiving a user input selecting at least a portion of the collected system-wide information to apply statistical models upon to determine a best-fit model; and executing analysis of the selected operational data, and transactional data by separately applying a plurality of statistical models to the to determine a best-fit model in regards to the correlation among the operational data with the transactional data to predict events and impacts of the predicted events in terms of at least one of economic impact, environmental impact, and health and safety impact. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A method comprising:
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receiving system-wide information comprising operational data from a plurality of sensors, extraneous data, and transactional data; determining to utilize at least a portion of the collected system-wide information to apply statistical models upon to determine a best-fit model; executing analysis of the selected operational data, extraneous data, and transactional data by separately applying a plurality of statistical models to determine a best-fit model in regards to the correlation among the operational data and extraneous data with the transactional data to predict events and impacts of the predicted events in terms of at least economic impact, environmental impact, and health and safety impact; utilizing the best-fit model, calculating at least one intervention to reduce or eliminate the impact of the predicted events; and determining at least two interventions, wherein at least one intervention differs from another intervention in regards to at least one impact selected from the impact group consisting of;
environmental, economic, health and safety, and combinations thereof.
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Specification