The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 15, 2020
Filed:
Feb. 25, 2016
Honeywell International Inc., Morris Plains, NJ (US);
Jan Zirnstein, St. Louis Park, MN (US);
David J. Germann, North Vancouver, CA;
Marc Light, Saint Paul, MN (US);
Gregory E. Stewart, North Vancouver, CA;
Jonathan T. Grunow, Indian Trail, NC (US);
Honeywell International Inc., Morris Plaines, NJ (US);
Abstract
A method includes identifying costs associated with different outcomes of a failure prediction algorithm. The algorithm is configured to predict one or more faults with at least one piece of industrial equipment. The different outcomes include both successful and unsuccessful predictions by the algorithm. The method also includes identifying a threshold value for the algorithm using the costs, where the threshold value is used by the failure prediction algorithm to identify whether maintenance of the at least one piece of industrial equipment is needed. The method further includes providing the threshold value to the algorithm. The threshold value is selected such that a net positive economic benefit is obtained from use of the threshold value with the failure prediction algorithm. In addition, the method can include generating a signal indicating whether maintenance is needed based on a comparison of an indicator value calculated using the algorithm and the threshold value.