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Systems and methods for monitoring a machine

  • US 7,711,522 B2
  • Filed: 08/31/2006
  • Issued: 05/04/2010
  • Est. Priority Date: 08/31/2006
  • Status: Active Grant
First Claim
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1. A system for monitoring a machine, the system comprising:

  • a monitoring server in communication with the machine, wherein the monitoring server receives data from the machine, estimates, based on the received data, an operating condition of the machine, and estimates a depreciation value of the machine based on the operating condition, andwherein the monitoring server determines whether the depreciation value is greater than a threshold and, when the depreciation value is greater than the threshold, determines an amount of a penalty, andwherein the monitoring server determines a new lease rate for the remainder of a lease term, wherein if a customer leasing the machine accepts the new lease rate, the penalty will not be incurred.

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