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Method for predicting asset availability

  • US 9,400,964 B2
  • Filed: 02/03/2014
  • Issued: 07/26/2016
  • Est. Priority Date: 12/04/2013
  • Status: Active Grant
First Claim
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1. A method for predicting asset availability, the method comprising the steps of:

  • providing a tag on each asset in a plurality of assets;

    emitting a signal from each tag;

    sensing with a first antenna when an asset in the plurality of assets arrives at one of a plurality of locations, wherein sensing the asset is accomplished by reading the tag signal with the first antenna disposed at a first angle in a range from 25 degrees to 35 degrees measured from a longitudinal line extending through the first antenna to an imaginary line normal to a wall of a structure at each location in the plurality of locations;

    updating a database with an incoming time associated with the asset and the location;

    sensing with the first antenna when the asset leaves the location;

    updating the database with an outgoing time associated with the asset and location;

    calculating a dwell time for the asset at the location by comparing the incoming time and the outgoing time;

    updating the database with the dwell time associated with the asset and the location;

    predicting availability of the asset based on the incoming time and outgoing time maintained in the database, wherein this step of predicting availability is accomplished by forecasting a forecast amount of assets in the plurality of assets available at the location based on the dwell time associated with the asset in the plurality of assets, and comparing a required amount of assets and the forecast amount of assets to determine whether the forecast amount of assets is sufficient; and

    adapting to future asset shortages based on predicted availability of the asset.

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