Model development environment for assisting user in developing model describing condition of industrial asset

A system comprising:

• a hosting component configured to host a model development environment for developing a model, the hosting component comprising:
• an output parameter module configured to facilitate defining one or more output parameters, describing a condition of an industrial asset of the model by:
• associating, in response to input from the user, a first variable with the first output parameter, the first variable associated with a first set of data comprising one or more values corresponding to the first variable and the associating performed without the user identifying a first location where the first set of data is stored;
• and
• defining a first argument type that specifies how to compute the first output parameter based upon the first variable;
• associating a second variable with a second output parameter;
• and
• defining a second argument type that specifies how to compute the second output parameter based upon the second variable;
• and
• linking the first output parameter to the second output parameter upon receipt of an indication by the user to make the second variable a function of the first output parameter, at least some of the system implemented via a processing unit.

A non-transitory computer-readable medium having stored thereon processor-executable instructions that when executed cause performance of a method for facilitating development, by a user, of a model describing a condition of an industrial asset, the method comprising:

• defining a first output parameter of the model, the first output parameter describing the condition of the industrial asset, comprising:
• associating, in response to input from the user, a first variable with the first output parameter, the first variable associated with a first set of data;
• and
• defining a first argument type that specifies how to compute the first output parameter based upon the first variable;
• defining a second output parameter of the model, the second output parameter describing the condition of the industrial asset, comprising:
• associating a second variable with the second output parameter;
• and
• defining a second argument type that specifies how to compute the second output parameter based upon the second variable;
• and
• linking the first output parameter to the second output parameter upon receipt of an indication by the user to make the second variable a function of the first output parameter.