CAPITAL ASSET INVESTMENT PLANNING SYSTEMS
First Claim
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1. A system for scheduling investments in capital assets, the system comprising:
- a database storing information about a plurality of in-place capital assets;
a replacement deferral risk cost model operable to estimate costs associated with failure of one of the in-place capital assets risked by deferring replacement of the one of the in-place capital assets as a function of time;
a first use model operable to estimate use costs of the one of the in-place capital assets as a function of time;
a second use cost model operable to estimate use costs of a replacement for the one of the in-place capital assets as a function of time;
a replacement cost model operable estimate costs associated with replacing the one of the in-place assets with the replacement asset as a function of time; and
a processor configured to process outputs of the replacement deferral risk cost model, the first and second use models and the replacement model to provide a total cost function for the one of the in-place capital assets over a planning period as a function of replacement date for the one of the in-place capital assets and to determine an optimal replacement date for the one of the in-place capital assets based on the total cost function.
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Abstract
Automated systems and methods for use in managing collections of capital assets determine optimal replacement dates for assets based on total cost curves. Replacement dates are adjusted within ranges that avoid unacceptable risk of unmonetizable failures to satisfy constraints. Priority in adjusting replacement dates is determined based on deferral cost metrics which may be based on the total cost curves.
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Citations
39 Claims
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1. A system for scheduling investments in capital assets, the system comprising:
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a database storing information about a plurality of in-place capital assets; a replacement deferral risk cost model operable to estimate costs associated with failure of one of the in-place capital assets risked by deferring replacement of the one of the in-place capital assets as a function of time; a first use model operable to estimate use costs of the one of the in-place capital assets as a function of time; a second use cost model operable to estimate use costs of a replacement for the one of the in-place capital assets as a function of time; a replacement cost model operable estimate costs associated with replacing the one of the in-place assets with the replacement asset as a function of time; and a processor configured to process outputs of the replacement deferral risk cost model, the first and second use models and the replacement model to provide a total cost function for the one of the in-place capital assets over a planning period as a function of replacement date for the one of the in-place capital assets and to determine an optimal replacement date for the one of the in-place capital assets based on the total cost function. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39)
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Specification