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SYSTEMS AND METHODS FOR USE IN CORRECTING A PREDICTED FAILURE IN A PRODUCTION PROCESS

  • US 20120173299A1
  • Filed: 01/04/2011
  • Published: 07/05/2012
  • Est. Priority Date: 01/04/2011
  • Status: Abandoned Application
First Claim
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1. A system for use in operating a production process, said system comprising:

  • a memory device configured to store a predicted failure of a production asset, the predicted failure associated with a predicted failure time; and

    a processor coupled in communication with said memory device and programmed to;

    determine a plurality of correction scenarios for the predicted failure, wherein each correction scenario is associated with a correction time prior to the predicted failure time; and

    estimate a total cost for each correction scenario of the plurality of correction scenarios based at least in part on a cost of repairing the production asset and a cost of downtime associated with the correction scenario.

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