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Aggregation of asset use indices within a process plant

  • US 7,272,531 B2
  • Filed: 09/20/2005
  • Issued: 09/18/2007
  • Est. Priority Date: 09/20/2005
  • Status: Active Grant
First Claim
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1. A method of monitoring an entity within a process plant wherein the entity includes a plurality of lower level entities, the method comprising:

  • acquiring a plurality of use indices, each use index pertaining to status information regarding one of the plurality of lower level entities;

    acquiring a plurality of weighting values, each weighting value pertaining to the importance of a lower level entity among the plurality of lower level entities, and wherein each weighting value is based on the impact of the lower level entity on the entity and the frequency of failure of the lower level entity;

    creating an aggregate use index from a combination of the lower level use indices and weighting values, wherein the aggregate use index represents status information regarding the entity; and

    storing the aggregate use index in a computer readable medium.

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