Systems and methods for monitoring a machine
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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Abstract
Systems and methods are provided for monitoring a machine. In one implementation, a system for monitoring the machine includes a monitoring server in communication with a machine. 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.
51 Citations
14 Claims
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1. A system for monitoring a machine, the system comprising:
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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, and wherein 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, and wherein 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. - View Dependent Claims (2, 3, 4, 5)
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6. A method for monitoring a machine, the method comprising:
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receiving, over a network, data from the machine; estimating, based on the received data, an operating condition of the machine; estimating a depreciation value of the machine based on the operating condition; determining whether the depreciation value is greater than a threshold; when the depreciation value is greater than the threshold, determining an amount of a penalty; and determining 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. - View Dependent Claims (7, 8, 9, 10)
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11. A computer-readable storage medium storing instructions for performing a method executed by a processor to monitor a machine, the method comprising steps performed by the processor of:
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receiving, over a network, data from the machine; estimating, based on the received data, an operating condition of the machine; determining whether the depreciation value is greater than a threshold; when the depreciation value is greater than the threshold, determining an amount of a penalty owed by a customer leasing the machine; and determining 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. - View Dependent Claims (12, 13, 14)
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Specification