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:
Jul. 16, 2024
Filed:
Mar. 31, 2021
Caterpillar Inc., Peoria, IL (US);
Prashant Rai, Champaign, IL (US);
Sridhar Ramaswamy, Peoria, IL (US);
Kyle J. Cline, Savoy, IL (US);
Keith Atkinson, Chillicothe, IL (US);
Caterpillar Inc., Peoria, IL (US);
Abstract
A method for forecasting part sales, including collecting sales data for a part over a series of sales time periods and collecting activity data for a plurality of activity types over a series of activity time periods for a plurality of machines including the part. A mean activity time can be calculated for each activity type for each time period in the series of activity time periods based on the collected activity data. An activity probability density function of the mean activity times for each activity type is created and a machine learning model is trained using an expectation of activity derived from the probability density functions for each activity type and the collected sales data. Machine activity data for a set of machines can be fed into the trained model to derive a part sales probability density function for the set of machines.