METHOD AND SYSTEM FOR MODELING THE FINANCIAL REQUIREMENTS OF AN INDUSTRIAL MACHINE
First Claim
1. A method of modeling financial requirements associated with an industrial machine, the method comprising:
- providing an industrial machine;
providing at least one modeling engine for modeling the industrial machine;
receiving a plurality of engineering data related to the industrial machine;
receiving a plurality of operating data on the industrial machine;
receiving a plurality of financial information related to the industrial machine; and
accessing contractual requirements associated with the industrial machine;
wherein the modeling engine develops a financial model and generates a report on financial requirements of the industrial machine.
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Abstract
An embodiment of the present invention may provide an integrated platform for assessing the current profitability of a previously executed service contract. Essentially, the present invention provides a user a simple yet effective means to evaluate and reassess whether a service contract for an industrial machine may remain profitable over the duration. An embodiment of the present invention may provide a method or system for forecasting and modeling the financial and operational requirements of an industrial machine. An embodiment of the present invention may integrate engineering data, equipment data, financial information, contractual information, and asset utilization information to reassess the financial and operational requirements of the industrial machine, for a current environment.
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Citations
20 Claims
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1. A method of modeling financial requirements associated with an industrial machine, the method comprising:
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providing an industrial machine; providing at least one modeling engine for modeling the industrial machine; receiving a plurality of engineering data related to the industrial machine; receiving a plurality of operating data on the industrial machine; receiving a plurality of financial information related to the industrial machine; and accessing contractual requirements associated with the industrial machine; wherein the modeling engine develops a financial model and generates a report on financial requirements of the industrial machine. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for modeling financial requirements associated with an industrial machine, the system comprising:
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an industrial machine, wherein the industrial machine provides a plurality of operating data related to a processor; at least one modeling engine for modeling the operational and financial activities of the industrial machine, wherein the at least one modeling engine is integrated with the processor, and wherein the at least one modeling engine performs the steps of; receiving a plurality of engineering data related to the industrial machine; receiving a plurality of financial information related to the industrial machine; and accessing contractual requirements associated with the industrial machine; wherein the modeling engine develops a financial model and generates a report on financial requirements of the industrial machine. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification