Decision support system and method
First Claim
1. A computer-implemented method for identifying an excess energy capacity in a production supply chain operated by a supply chain operator, comprising:
- identifying, by a supply chain optimizer, a potential production configuration for the production supply chain, wherein;
(i) the supply chain operator also operates at least one power generation facility to sustain industrial production by the production supply chain,(ii) the supply chain operator is capable of both consuming and selling electricity produced by the power generation facility while operating the production supply chain,(iii) the potential production configuration is related to a target electricity production by the power generation facility, and(iv) the potential production configuration reduces a production output and energy consumption for at least some portion of the production supply chain or increases electricity production by the power generation facility during a given time period;
determining, using a potential action valuation model, whether to reduce the production output of the production supply chain or increase electricity production by the power generation facility according to the potential production configuration to create the excess energy capacity during the time period; and
if production output is determined to be reduced or electricity production by the power generation facility is determined to be increased, selling the excess energy capacity created by implementing the potential production configuration during the time period for the production supply chain and the power generation facility.
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Accused Products
Abstract
A decision support system and method is provided for responding to a deregulated electrical energy environment for use in making decisions related to supplying and purchasing electrical power. In a preferred embodiment, the decision support system comprises a plurality of interconnected models that produce information related to various business operations. A contract valuation model produces a value of energy contracts based upon timely data such as contract terms, real-time commodity pricing, and forecasted commodity pricing. A potential action valuation model generates value for potential, predefined operational actions at a given production facility in response to a particular opportunity. A forecasting and planning model provides forecasting services related to energy based upon historical and current real-time data for use in other models. A supply chain optimizer provides overall supply information related to supplying a plurality of electrical generating facilities to thereby indicate economies for overall system operation. A risk management model allows the entry of risk tolerance parameters. A financial position management model is utilized as a tool to support risk reduction.
19 Citations
22 Claims
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1. A computer-implemented method for identifying an excess energy capacity in a production supply chain operated by a supply chain operator, comprising:
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identifying, by a supply chain optimizer, a potential production configuration for the production supply chain, wherein; (i) the supply chain operator also operates at least one power generation facility to sustain industrial production by the production supply chain, (ii) the supply chain operator is capable of both consuming and selling electricity produced by the power generation facility while operating the production supply chain, (iii) the potential production configuration is related to a target electricity production by the power generation facility, and (iv) the potential production configuration reduces a production output and energy consumption for at least some portion of the production supply chain or increases electricity production by the power generation facility during a given time period; determining, using a potential action valuation model, whether to reduce the production output of the production supply chain or increase electricity production by the power generation facility according to the potential production configuration to create the excess energy capacity during the time period; and if production output is determined to be reduced or electricity production by the power generation facility is determined to be increased, selling the excess energy capacity created by implementing the potential production configuration during the time period for the production supply chain and the power generation facility. - View Dependent Claims (2, 3, 4, 5, 6, 7, 20)
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8. A computer-readable storage medium containing a program which, when executed, performs operations for identifying an excess energy capacity in a production supply chain operated by a supply chain operator, the operation comprising:
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identifying, by a supply chain optimizer, a potential production configuration for the production supply chain for a supply chain, wherein (i) the supply chain operator also operates at least one power generation facility to sustain industrial production by the production supply chain, (ii) the supply chain operator is capable of both consuming and selling electricity produced by the power generation facility while operating the production supply chain, (iii) the potential production configuration is related to a target electricity production by the power generation facility, and (iv) the potential production configuration reduces a production output and energy consumption for at least some portion of the production supply chain or increases electricity production by the power generation facility during a given time period where a contracted price for the electricity exceeds a forecasted price; determining, using a potential action valuation model, whether to reduce the production output of the production supply chain or increase electricity production by the power generation facility according to the potential production configuration to create the excess energy capacity for the production supply chain during the time period; and if production output is determined to be reduced or electricity production by the power generation facility is determined to be increased, selling the excess energy capacity created by implementing the potential production configuration during the time period for the production supply chain and the power generation facility. - View Dependent Claims (9, 10, 11, 12, 13, 14, 21)
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15. A computing device, comprising:
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at least one processor; and a memory, wherein the memory includes a plurality of models, which when executed by the processor, are configured to identify an excess energy capacity in a production supply chain operated by a supply chain operator, including; a supply chain optimizer configured to identify a potential production configuration for the production supply chain, wherein; (i) the supply chain operator also operates at least one power generation facility to sustain industrial production by the production supply chain, (ii) the supply chain operator is capable of both consuming and selling electricity produced by the power generation facility while operating the production supply chain, (iii) the potential production configuration is related to a target electricity production by the power generation facility, and (iv) the potential production configuration reduces a production output and energy consumption for at least some portion of the production supply chain or increases electricity production by the power generation facility during a given time period where a contracted price for the electricity exceeds a forecasted price; a potential action valuation model configured to determine whether to reduce the production output of the production supply chain or increase electricity production by the power generation facility according to the potential production configuration to create the excess energy capacity for the production supply chain during the time period; and a data delivery engine configured to supply real-time data to the potential action valuation model and to the supply chain optimizer. - View Dependent Claims (16, 17, 18, 19, 22)
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Specification