Risk Management for Cable Protection Via Dynamic Buffering
First Claim
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1. A method of minimizing the cost risk of an asset line carrying a utility, comprising:
- assessing a first factor identifying an ability to automatically re-route the utility in the event of a loss of the asset line;
assessing a second factor measuring the total value of the utility carried by the asset line;
inputting the first factor and the second factor into a risk management algorithm;
solving the risk management algorithm for a dynamic buffer width; and
assigning the dynamic buffer width to the asset line;
wherein a dig location is evaluated by its position with respect to the dynamic buffer width.
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Abstract
Devices, systems and methods are disclosed which relate to optimizing a minimum cost function associated with buried asset lines by using a GIS application to generate a “dynamic buffer” around each asset line based on a risk management algorithm. A risk management algorithm, by which a GIS application can generate a “dynamic buffer”, is employed to minimize asset line damage risk and operating costs by balancing potential costs from damage against the fixed labor costs of manually screened and located tickets. Embodiments of the invention utilize the geography of the situation as well as factors for the asset itself.
73 Citations
15 Claims
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1. A method of minimizing the cost risk of an asset line carrying a utility, comprising:
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assessing a first factor identifying an ability to automatically re-route the utility in the event of a loss of the asset line; assessing a second factor measuring the total value of the utility carried by the asset line; inputting the first factor and the second factor into a risk management algorithm; solving the risk management algorithm for a dynamic buffer width; and assigning the dynamic buffer width to the asset line; wherein a dig location is evaluated by its position with respect to the dynamic buffer width. - View Dependent Claims (2, 3, 4, 5)
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6. A system for minimizing the cost risk of a buried asset line carrying a utility, comprising:
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a server; a GIS application on the server; a risk management logic on the server; and a database having a plurality of restorability factors and a plurality of revenue factors in communication with the server; wherein the server responds to a dig location query with an evaluation of a dig location with respect to a dynamic buffer width calculated using the risk management logic. - View Dependent Claims (7, 8, 9, 10, 11)
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12. A software program, stored on a computer readable medium, for minimizing the cost risk of an asset line carrying a utility, comprising:
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a first code segment for assessing a first factor identifying an ability of the network to automatically re-route communication in the event of a loss of the asset line; a second code segment for assessing a second factor measuring the total value of the utility carried by the asset line; a third code segment for inputting the first factor and the second factor into a risk management algorithm; a fourth code segment for solving the risk management algorithm for a dynamic buffer width; and a fifth code segment for assigning the dynamic buffer width to the asset line; wherein a dig location is evaluated by its position with respect to the dynamic buffer width. - View Dependent Claims (13, 14, 15)
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Specification