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System and method for dynamic multi-objective optimization of machine selection, integration and utilization

  • US 7,050,873 B1
  • Filed: 10/20/2004
  • Issued: 05/23/2006
  • Est. Priority Date: 08/10/2001
  • Status: Expired due to Term
First Claim
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1. A method that facilitates asset optimization in an industrial automation environment, comprising:

  • receiving and analyzing in real-time data relating to diagnoses and prognoses of operational aspects of a subset of machines that are part of an industrial automation system;

    modifying asset utilization in the industrial automation system based at least in part as a function of the analyzed diagnostic and prognostic machine data; and

    controlling the industrial automation system according to a system setpoint associated therewith.

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