METHODS AND SYSTEMS OF DETERMINING THE EFFECTIVENESS OF CAPITAL IMPROVEMENT PROJECTS
First Claim
1. A method of quantitatively predicting an effectiveness of a proposed capital improvement project based on one or more previous capital improvement projects, said proposed capital improvement project and said one or more previous capital improvement projects each being representative of one or more physical assets and including one or more attributes, comprising:
- (a) defining a first sample pool from said previous capital improvement project data in which said previous capital improvement project has been performed;
(b) defining a second sample in which said previous capital improvement project has not been performed, the second sample pool including one or more attribute values that are the same as, or similar to, said attribute values for said first sample pool;
(c) generating a performance metric for each of said first and second sample pools;
(d) comparing said performance metric from the first sample pool with said performance metric from the second sample pool to determine a net performance metric; and
(e) generating a prediction of effectiveness of said proposed capital improvement project concerning said at least one of said one or more physical assets based on said net performance metric.
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Abstract
The present application provides methods and systems for quantitatively predicting an effectiveness of a proposed capital improvement project based on one or more previous capital improvement projects representative of one or more physical assets and including one or more attributes that includes defining a first sample pool from the previous capital improvement project data in which said previous capital improvement project has been performed, defining a second sample in which the previous capital improvement project has not been performed, the second sample pool including one or more attribute values that are the same as, or similar to, the attribute values for the first sample pool, generating a performance metric for each of the first and second sample pools, comparing the performance metric from the first sample pool with the performance metric from the second sample pool to determine a net performance metric, and, generating a prediction of effectiveness of the proposed capital improvement project concerning based on said net performance metric.
112 Citations
20 Claims
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1. A method of quantitatively predicting an effectiveness of a proposed capital improvement project based on one or more previous capital improvement projects, said proposed capital improvement project and said one or more previous capital improvement projects each being representative of one or more physical assets and including one or more attributes, comprising:
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(a) defining a first sample pool from said previous capital improvement project data in which said previous capital improvement project has been performed; (b) defining a second sample in which said previous capital improvement project has not been performed, the second sample pool including one or more attribute values that are the same as, or similar to, said attribute values for said first sample pool; (c) generating a performance metric for each of said first and second sample pools; (d) comparing said performance metric from the first sample pool with said performance metric from the second sample pool to determine a net performance metric; and (e) generating a prediction of effectiveness of said proposed capital improvement project concerning said at least one of said one or more physical assets based on said net performance metric. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 16, 17, 18)
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10. A system for of quantitatively predicting an effectiveness of a proposed capital improvement project based on one or more previous capital improvement projects, said proposed capital improvement project and said one or more previous capital improvement projects each being representative of one or more physical assets and including one or more attributes, comprising:
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(a) one or more processors, each having respective communication interfaces to receive data concerning (1) said one or more previous capital improvement projects, including said one or more attribute values associated therewith, and (2) data representative of physical assets in which said one or more previous capital improvement projects has not been performed, and including attribute values associated therewith; (b) one or more software applications, operatively coupled to the one or more processors, to (1) define a first sample pool from said previous capital improvement project data in which said previous capital improvement projects has been performed, said first sample pool including one or more attribute values; (2) define a second sample pool in which said previous capital improvement projects has not been performed, second sample pool including one or more attribute values that are the same as, or similar to, said attribute values for said first sample pool; (3) generate a performance metric for each of said first and second sample pools; (4) compare said performance metric from the first sample pool with said performance metric from the second sample pool to determine a net performance metric; and (5) generate a prediction of effectiveness of said proposed capital improvement project concerning said at least one of said one or more physical assets based on said net performance metric; and (c) a display, coupled to the one or more processors, for visually presenting said prediction of effectiveness. - View Dependent Claims (14, 15)
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19. A computer-readable medium comprising at least one software component that, when executed, performs a method of quantitatively predicting an effectiveness of a proposed capital improvement project based on one or more previous capital improvement projects, said proposed capital improvement project and said one or more previous capital improvement projects each being representative of one or more physical assets and including one or more attributes, comprising:
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(a) defining a first sample pool from said previous capital improvement project data in which said previous capital improvement project has been performed; (b) defining a second sample in which said previous capital improvement project has not been performed, the second sample pool including one or more attribute values that are the same as, or similar to, said attribute values for said first sample pool; (c) generating a performance metric for each of said first and second sample pools; (d) comparing said performance metric from the first sample pool with said performance metric from the second sample pool to determine a net performance metric; and (e) generating a prediction of effectiveness of said proposed capital improvement project concerning said at least one of said one or more physical assets based on said net performance metric. - View Dependent Claims (20)
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Specification