US 7,398,184 B1 · Analyzing equipment performance and optimizing operating costs

Abstract

A system and method for analyzing equipment performance and optimizing operational costs are provided. Data from a sensor associated with a piece of equipment is analyzed and processed to identify characteristics associated with the performance and operational costs of the equipment. If the analysis indicates that abnormal conditions exist or that any user-defined alerts are warranted, a message is sent to an operator terminal. The system and method may continue to monitor the equipment and thus provide real-time data. The data may be stored in memory and collected over time. The data may be associated with a digital signature and used to create performance and/or financial reports for financial institutions, company quality control boards, regulatory control agencies, and the public. The system and method thus provide a cost effective and reliable analysis of equipment performance and operation costs.

Claims20

Dependent claims

A system comprising:

a memory operable to store data associated with a piece of equipment, the data including a metal loss associated with the piece of equipment;
and
a processing module operable to process the data to identify one or more characteristics associated with the piece of equipment, wherein the one or more characteristics include an operating parameter associated with the piece of equipment, the operating parameter designed for continued operation of the piece of equipment in light of the metal loss, the processing module further operable to output the operating parameter.

Dependencies are inferred from the claim text.

Analyzing equipment performance and optimizing operating costs

Life of this patent

Analyzing equipment performance and optimizing operating costs

Life of this patent

Abstract

Claims20